Case Study: Majestic Hotels, Inc. Essay Sample

Using Analytic Procedures as Substantial Trials
By Frank A. Buckless and D. Scott Showalter. NC State University Appendix A – Sleeping Room Revenue Work Paper Template

Brickman & A ; Joyner. CPAs

Room Revenue Analytical

Client

Period-end

Majestic Hotels. Inc.

December 31. 2011

Prepared by

Date

W/P mention

R-10

Aim
To obtain sufficient appropriate audit grounds that kiping room grosss exist. are complete. and are accurate.

Procedures
To prove the rationality of kiping room grosss. B & A ; J:

1. Identified the cardinal factors. cardinal relationships and other considerations that drive kiping room grosss
2. Determined tolerable misstatement based on appraisal of built-in and internal control hazards
3. Set and corroborated outlooks
4. Compared client existent sums to outlooks and evaluated consequences 5. Assessed the demand for extra trials of inside informations

Results & A ; Conclusion
1. Identify cardinal factors. cardinal relationships and other considerations that drive kiping room grosss:

Cardinal Factors
( drivers )

Key Relationships

( ratios that tie cardinal factors to FS captions )

Other Considerations

( aims. schemes. and external
factors that impact cardinal relationships )

© 2012 KPMG LLP. a Delaware limited liability partnership and the U. S. member house of the KPMG web of independent member houses affiliated with KPMG International Cooperative ( “KPMG International” ) . a Swiss entity. All rights reserved. © 2012 Frank A. Buckless and D. Scott Showalter

Case Study: Majestic Hotels. Inc.

Using Analytic Procedures as Substantial Trials
By Frank A. Buckless and D. Scott Showalter. NC State University Appendix A – Sleeping Room Revenue Work Paper Template

2. Determine tolerable misstatement based on built-in and control hazard appraisals

ALSO READ  The case of Tanzania Essay Sample

3. Set and corroborate outlooks

4. Compare client existent sums to outlooks and evaluate consequences

5. Measure the demand for extra trials of inside informations

Delaware limited liability partnership and the U. S. member house of the KPMG web of independent member houses affiliated with KPMG International Cooperative ( “KPMG International” ) . a Swiss entity.