HOTEL INTERNAL AUDITS & SURPRISE PROPERTY INSPECTIONS
WHAT WE DO
Audit Hotel is focused on how to better manage your property by reviewing your existing operational procedures with best practices commonly found throughout the hospitality industry. We verify compliance of your standard operating procedures and provide a comprehensive review of internal control procedures for each department of your hotel. We do surprise property inspections which often uncover items previously unknown to ownership.
We are hospitality Accounting experts! And offer a wide level of experience and knowledge to each engagement .
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HOW YOU BENEFIT
You benefit in many ways by having an expert hospitality professional conduct a surprise property inspection of your hotel. We bring industry standard best practices, economizing existing procedures with more efficient ways to get problems solved, and get an inside look on how well your hotel is being managed.
We apply quantitative scoring to audit results for comparison between multiple properties. We also provide a narrative report identifying each issue found with the recommended corrective action needed.
Our audits and inspections are independent and objective, and enhance detection of potential fraud by evaluating and improving effectiveness of risk management. We introduce new technology to improve your standard operation procedures (SOP) to achieve better operational efficiency and internal control.
Our consulting services can be expanded as needed during the course of the engagement based on the initial findings. We price our audits to allow multiple visits per year to your hotels.
FALSE INVOICE SCAMS
- Approve purchases
- Receive ordered deliveries
- Approve invoices for payment
- Review and reconcile financial records
- Verify receipt of goods and services to against contract , purchase order and invoice.
- Obtain pre-approval of consulting agreements.
- Monitor that invoices are paid timely.
- Reconcile ledgers for accuracy of recorded transactions.
Security of Assets. Once you receive your purchased goods, secure them in a safe location. Periodically count your inventory, and compare results with amounts shown on previous counts.
Review and reconciliation. Your reconciliation activities confirm that paying for approved purchases and that you have been billed correctly.
Using proper internal controls, you can ensure that goods and services are received, and payments are properly processed.