Explain how auditing the revenue process might be different for a hotel client than for an oil and gas field equipment manufacturer? Assume that, when performing analytical procedures, an auditor notices that revenue grows 10% while receivables grow at a 30% rate

Accounting Sep 18, 2020

Explain how auditing the revenue process might be different for a hotel client than for an oil and gas field equipment manufacturer? Assume that, when performing analytical procedures, an auditor notices that revenue grows 10% while receivables grow at a 30% rate. What assertions might be misstated? Explain how quarter-end closing procedures might increase inherent risk in the revenue process.