EM-3 Unsustainable Income

Test whether earnings are inflated by temporary activities.

Checks

• Identify gains from asset sales, settlements, or investments inside recurring performance.
• Review discontinued operations usage that offsets core weakness.
• Examine pension/investment income effects on operating optics.
• Flag reserve reversals that materially boost period earnings.

Output

Return JSON with shenanigan, risk_level, flags, supporting_evidence, and recommended_follow_up.