Elevate your financial management skills with the targeted audit insights in our sample hotel financial reporting and treasury review. This tool provides a structured approach to reviewing key treasury functions within hospitality properties, promoting robust internal controls and effective risk management. It guides users through the evaluation of critical processes such as cash handling, cashier procedures, front-office operations, room inventory management, guest billing and foreign currency transactions. It emphasizes safeguarding assets, verifying compliance with company policies, and identifying opportunities to enhance both efficiency and control.

This tool also includes practical steps for testing controls, reviewing documentation, and interviewing hotel personnel, allowing auditors to identify gaps and develop actionable recommendations tailored to their property’s needs. With a focus on real-world applicability, this work program addresses challenges unique to the hospitality sector, such as managing group bookings, monitoring after-departure charges, and ensuring proper authorization of rate changes and complimentary rooms. It also outlines best practices for maintaining accurate records, reconciling accounts, and adhering to legal and regulatory requirements.

This tool will allow you to:

• Gain a step-by-step framework for reviewing hotel treasury and financial reporting controls.
• Identify common risks and control weaknesses specific to the hospitality industry.
• Access practical procedures for cash management, guest billing and group bookings.
• Receive actionable insights and recommendations to improve your property’s financial operations.