BOXOFF - CONVENTION CENTER BOX OFFICE BACKGROUND: The City...

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Sheet1 Page 1 CONVENTION CENTER BOX OFFICE BACKGROUND: The City Convention Center books various events during the year ranging from home shows to rock concerts. Tickets are sold at the box office or at many select-a-seat outlets throughout the area. This audit will focus on the financial activity in the box office. There are five full-time employees that work in the box office: four ticket takers and one supervisor. Everyone has a separate cash drawer and everyone is required to close out their drawer at the end of their shift. Promoters of the events are paid in cash from the proceeds of the show. This is also true for the extra help that is hired on an event to event basis. These individuals are considered casual labor and do not accrue employee benefits. Everyone is paid after the box office has closed. We will test the internal control over the payouts, the collection procedures, accounting methods, and ticket inventory. SCOPE: The audit period will commence several days prior to the the next major event and will extent one day beyond it. Internal control in the box office will be evaluated on the last day of the field work. PLANNING:
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This note was uploaded on 05/16/2011 for the course AUDITING 201 taught by Professor Unknown during the Spring '11 term at Symbiosis International University.

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BOXOFF - CONVENTION CENTER BOX OFFICE BACKGROUND: The City...

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