NOVEMBER 2024 - NEWSLETTER SEGREGATION OF DUTIES
SEGREGATION OF DUTIES Segregation of Duties Defined Segregation of duties is critical to effective internal control because it reduces...
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NEWS & UPDATES
FALL 2024 - NEWSLETTER INTRODUCING REMOTELY CONDUCTED INTERNAL CONTROL AUDITS
Introducing remotely conducted hotel internal control audits. Additional Benefits of Remote Audits Low Cost (no travel fees saves nearly...
SEPTEMBER 2024 - NEWSLETTER CASH CHANGE ORDERS AND MAIN SAFE VARIANCES
CASH CHANGE ORDERS AND NON-RECORDED MAIN SAFE VARIANCES Cash Bank Counts Front Desk, Food & Beverage, and Main Safe Counts should be...
JANUARY 2024 - NEWSLETTER PURPOSE OF HOTEL INTERNAL AUDITS
WHAT IS THE PURPOSE OF HOTEL INTERNAL AUDITS Provides Objective Insight By providing an independent and unbiased view, the internal...
NOVEMBER 2023 - NEWSLETTER WHY INTERNAL AUDITS MATTER
WHY INTERNAL AUDITS MATTER The role of internal audit is to provide independent assurance that an organization’s risk management,...
WHAT WE SEE
CASH SKIMMING Cash skimming is one of the most common types of fraud in the hospitality industry. Front desk associates and bartenders...
HOTEL FRAUD AND EMPLOYEE ABUSE
COMMON FRAUD AT HOTEL FRONT DESKS Cash skimming is one of the most common types of fraud in the hospitality industry. Front desk...
WHY JOB DESCRIPTIONS AND STANDARD OPERATING PROCEDURES MATTER?
WHY DO JOB DESCRIPTIONS MATTER? Every employer should understand the importance of job descriptions and standard operating procedures...
WHY INTERNAL AUDITS ARE IMPORTANT
HERE ARE SOME IMPORTANT REASONS INTERNAL AUDITS ARE IMPORTANT Provides objective insight By providing an independent and unbiased view,...
BARTENDER FRAUD AND ABUSE
The most common bartender ways to cheat are: Ringing up a custom, underpriced drink in the POS and pocketing the difference Over pouring...
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