Assess whether cash ever economically changed hands after a sudden drop in

SITUATION Restatement project controller in a construction contractor on percentage-of-completion has one working extract — intercompany elimination mismatch report — after a sudden drop in days-sales-outstanding that looks too clean. If intercompany elimination mismatch report cannot support cash ever economically changed, the only defensible Forensic Accounting output is hold.

DECISION Restatement project controller in a construction contractor on percentage-of-completion must choose Remove access or reverse the item / Temporary compensating control / Approve a documented exception / Hold using intercompany elimination mismatch report after a sudden drop in days-sales-outstanding that looks too clean.

HYPOTHESES TO TEST 1. Restatement project controller can defend Remove access or reverse the item from intercompany elimination mismatch report after a sudden drop in days-sales-outstanding that looks too clean in a Forensic Accounting challenge. 2. Restatement project controller cannot defend Remove access or reverse the item from intercompany elimination mismatch report; Temporary compensating control is what the extract actually supports after a sudden drop in days-sales-outstanding that looks too clean. 3. A sudden drop in days-sales-outstanding that looks too clean never reached the population in intercompany elimination mismatch report — reopen intake, do not close cash ever economically changed. 4. Two facts in intercompany elimination mismatch report after a sudden drop in days-sales-outstanding that looks too clean conflict for restatement project controller; hold this Revenue Integrity file.

ANALYSIS REQUIRED 1. Separate a close-process miss from a qualitative SAB 99 issue in a construction contractor on percentage-of-completion. 2. Reconstruct vendor, journal, or inventory lines in intercompany elimination mismatch report through the window opened by a sudden drop in days-sales-outstanding that looks too clean. 3. Trace approval, SoD, and related-party links that intercompany elimination mismatch report actually shows. 4. For this Forensic Accounting Revenue Integrity file, read intercompany elimination mismatch report against a sudden drop in days-sales-outstanding that looks too clean and write the one fact that would move cash ever economically changed for restatement project controller.

RECOMMENDATION Choose Remove access or reverse the item / Temporary compensating control / Approve a documented exception / Hold on this Forensic Accounting / Revenue Integrity packet (intercompany elimination mismatch report after a sudden drop in days-sales-outstanding that looks too clean). The follow-on Revenue Integrity action is what restatement project controller does next: implement the option, assign an owner, and log the missing fact.