Assess whether a control deficiency is significant or material after a Big 4

Situation

In a public filer facing a whistleblower memo, related-party customer map is the evidence after a Big 4 inquiry on cutoff testing. External counsel's accounting expert has to pick A control deficiency is significant or Material for this Forensic Accounting Revenue Integrity close using related-party customer map.

Decision

External counsel's accounting expert in a public filer facing a whistleblower memo must choose A control deficiency is significant / Material using related-party customer map after a Big 4 inquiry on cutoff testing.

Hypotheses to test

• Authorize A control deficiency is significant now; related-party customer map already has the discriminator after a Big 4 inquiry on cutoff testing.
• Keep Material in force until related-party customer map is completed after a Big 4 inquiry on cutoff testing for external counsel's accounting expert.
• Treat related-party customer map as A control deficiency is significant because both readings appear after a Big 4 inquiry on cutoff testing.
• Refuse a Forensic Accounting close: external counsel's accounting expert does not have the page a control deficiency is turns on in related-party customer map.

Analysis required

• Quantify the entry if external counsel's accounting expert has to reverse it.
• Separate a close-process miss from a qualitative SAB 99 issue in a public filer facing a whistleblower memo.
• Reconstruct vendor, journal, or inventory lines in related-party customer map through the window opened by a Big 4 inquiry on cutoff testing.
• For this Forensic Accounting Revenue Integrity file, read related-party customer map against a Big 4 inquiry on cutoff testing and write the one fact that would move a control deficiency is for external counsel's accounting expert.

Recommendation

Choose A control deficiency is significant / Material on this Forensic Accounting / Revenue Integrity packet (related-party customer map after a Big 4 inquiry on cutoff testing). If related-party customer map cannot force a Forensic Accounting label under Revenue Integrity, stop. Do not invent pages a public filer facing a whistleblower memo does not have.