Purpose
To obtain sufficient appropriate audit evidence that sleeping room revenues exist, are complete. and are accurate.
Procedures
To test the reasonableness of sleeping room revenues, B&J:
1. Identified the key factors, key relationships and other considerations that drive sleeping room revenues
2. Determined tolerable misstatement based on assessment of inherent and internal control risks
3. Set and corroborated expectations
4. Compared client actual amounts to expectations and evaluated results
5. Assessed the need for additional tests of details
Results & Conclusion
1. Identify key factors, key relationships and other considerations that drive sleeping room revenues:
2. Determine tolerable misstatement based on inherent and control risk assessments
3. compair client actual amount to expectations and evaluate result.
4. Set and corroborate expectations
5. Assess the need for additional tests of details