Assess whether a referral to counsel is warranted after a Big 4 inquiry on

Situation

A referral to counsel is warranted sits with audit-committee advisor because a Big 4 inquiry on cutoff testing hit a nonprofit with restricted-fund complexity. Evidence is related-party customer map; write the Forensic Accounting Revenue Integrity option that extract can carry.

Decision

Audit-committee advisor in a nonprofit with restricted-fund complexity must choose Remove access or reverse the item / Temporary compensating control / Approve a documented exception / Hold using related-party customer map after a Big 4 inquiry on cutoff testing.

Hypotheses to test

• Authorize Remove access or reverse the item now; related-party customer map already has the discriminator after a Big 4 inquiry on cutoff testing.
• Keep Temporary compensating control in force until related-party customer map is completed after a Big 4 inquiry on cutoff testing for audit-committee advisor.
• Treat related-party customer map as Approve a documented exception because both readings appear after a Big 4 inquiry on cutoff testing.
• Refuse a Forensic Accounting close: audit-committee advisor does not have the page a referral to counsel is warranted turns on in related-party customer map.

Analysis required

• Test cutoff, reversals, and system-of-record ties for materiality on a referral to counsel is warranted.
• Quantify the entry if audit-committee advisor has to reverse it.
• Separate a close-process miss from a qualitative SAB 99 issue in a nonprofit with restricted-fund complexity.
• 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 referral to counsel is warranted for audit-committee advisor.

Recommendation

Choose Remove access or reverse the item / Temporary compensating control / Approve a documented exception / Hold 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 nonprofit with restricted-fund complexity does not have.