Hotel Financial Reporting and Revenue Recognition Audit Work Program

This sample audit program includes steps that can be used to perform a comprehensive review of hotel revenue.

This audit addresses steps such as: evaluate financial and operational internal controls; test key revenue areas, including rooms revenue front-office procedures, food and beverage procedures, and conferencing/banqueting procedures; evaluate the reliability of financial reporting; verify rates charged to group contracts for group guests; conduct spotting tests in major outlets; determine if any breakdowns in controls were identified; determine if a deposit is taken in advance for all functions; etc.