Module: Corporate issue and auditing in the financial world
Question 1:
(about 500 words)Reputation Risk in a hotel is very important, especially from a going concern point of view; and an international brand involvement. In similarity to inventory or receivables, reputation is of out most importance. In this regard you are invited to:
(a) Describe on how to audit such risk in a hotel of your choice?
(b) Establish audit committees and tests of controls and detail on how to ensure compliance.
(c) On the engagement specify clearly the approach.Establish a standard argument which one will monitor. What implications exist?
