AUDIT HOTEL

CASH SKIMMING  Cash skimming is one of the most common types of fraud in the hospitality industry. Front desk associates and bartenders often accept cash payments for market and lounge sales, but fail to ring them up and keep the cash. Cash paying guests, whereby a key is issued without recording into the hotel PMS system or converting to a complimentary room is a common occurrence at the hotel front desk. Credit card fraud is more sophisticated requiring system manager leve

SEGREGATION OF DUTIES Segregation of Duties Defined Segregation of duties is critical to effective internal control because it reduces the risk of mistakes and inappropriate actions. Adequate segregation of duties reduces the likelihood that errors both intentional and unintentional, will remain undetected by providing for separate processing by different individuals at various stages of a transaction and for independent reviews of the work performed. The basic idea underlyi

Introducing remotely conducted hotel internal control audits. Additional Benefits of Remote Audits Low Cost (no travel fees saves nearly...

CASH CHANGE ORDERS AND NON-RECORDED MAIN SAFE VARIANCES Cash Bank Counts Front Desk, Food & Beverage, and Main Safe Counts should be...

WHAT IS THE PURPOSE OF HOTEL INTERNAL AUDITS  Provides Objective Insight By providing an independent and unbiased view, the internal...

WHY INTERNAL AUDITS MATTER  The role of internal audit is to provide independent assurance that an organization’s risk management,...

CASH SKIMMING Cash skimming is one of the most common types of fraud in the hospitality industry. Front desk associates and bartenders...

COMMON FRAUD AT HOTEL FRONT DESKS Cash skimming is one of the most common types of fraud in the hospitality industry. Front desk...

WHY DO JOB DESCRIPTIONS MATTER? Every employer should understand the importance of job descriptions and standard operating procedures...

HERE ARE SOME IMPORTANT REASONS INTERNAL AUDITS ARE IMPORTANT Provides objective insight By providing an independent and unbiased view,...