Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Auditing Expert

Problem1. UTM Hotels is the listed company which runs the chain of some 40 hotels. The company has an established internal audit department that is based at the head office and that makes regular visits to the hotels.

The hotels provide business and tourist class accommodation. They also offer restaurants, bars, conference and leisure facilities which are open to general public as well as residents. The company operates a computerized central booking and billing system and stock and asset control system, both of that can accessed via terminals in the hotels. Access to the system is restricted by the use of password and all important expenditure is authorized through head office. The payroll is operated through head office. Hotel and regional managers are actively involved in setting of budgets and cash flow forecasting. On average, during the year, the chain has a 65% occupancy rate.

Required:

problem1. describe six areas in which the internal audit department at UTM Hotels may check detailed transactions and balances.

problem2. describe four areas in which internal audit department at UTM Hotels may perform reviews of system or operational performance.

Auditing, Accounting

  • Category:- Auditing
  • Reference No.:- M94351

Have any Question? 


Related Questions in Auditing

Audit assurance and compliance assignmentquestion 1

Audit, Assurance and Compliance Assignment Question 1 - Impulse Pty Ltd (Impulse) is an entertainment system manufacturer that was established in 2005. Your audit firm King & Queen have been the auditor of Impulse since ...

Assignment question 1impulse pty ltd impulse is an

Assignment Question ( 1) Impulse Pty Ltd (Impulse) is an entertainment system manufacturer that was established in 2005. Your audit firm King & Queen have been the auditor of Impulse since its formation. The audit report ...

Assignment audit assurance and compliancebullthis

ASSIGNMENT: Audit, Assurance and Compliance • This assignment is to be submitted in accordance with assessment policy stated in the Subject Outline and Student Handbook. • It is the responsibility of the student who is s ...

Assignment full disclosure in financial reporting - verizon

Assignment: Full Disclosure in Financial Reporting - Verizon Communications According to the textbook, the goal of financial reporting is to report financial information that is transparent and complete and truthfully re ...

Audit report assignmentinstructions activities you will

Audit Report Assignment Instructions (Activities you will perform to help you write your assignment report): • Public Company is Under Armour, Inc. • Access the financial statements for a recent year through the SEC fili ...

You are required to finish each of these questions each

You are required to finish each of these questions, each worth 10 marks, total 30 marks. Please give the solutions in detail, show calculations and submit the solutions to Moodle using a single file, it can be Excel form ...

Smith a certified public accounting firm was engaged to

Smith, a certified public accounting firm, was engaged to audit the financial statements of the Sky-is-the-Limit company. The company has its own IT installation. While obtaining an understanding of internal control, Smi ...

Write a 750- to 1050-word paper on fraud auditing and it

Write a 750- to 1,050-word paper on fraud auditing and IT auditing. Describe the different kinds of fraud andthe Fraud Triangle, an auditor's responsibility to identify and assess fraud. Describe the specific risks, bene ...

Assignment- auditing planthis assignment will require you

ASSIGNMENT- Auditing Plan. This assignment will require you to use the skills gained in Module/Week 8 to create an auditing plan for a sport or entertainment organization. Please select a professional sports team, colleg ...

Assignment 4 corners community nursery incthe organizations

Assignment: 4 Corners Community Nursery INC. The organization's mission is to act as a nursery school providing an enrichment program for pre-school children. Link to their website http://www.4ccn.org Link to IRS form 99 ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro

Describe what you learned about the impact of economic

Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environmen