Hospitality Experience

Audit Support

Horwath HTL UK was engaged to provide audit support for a hospitality client undergoing a comprehensive financial review. The client sought expert assistance to ensure the accuracy and compliance of their financial records, as well as to streamline the audit process by addressing key areas of complexity within their operations.


Project Scope

Our team was engaged to provide audit support for a hospitality client undergoing a comprehensive financial review. The client sought expert assistance to ensure the accuracy and compliance of their financial records, as well as to streamline the audit process by addressing key areas of complexity within their operations.

The engagement began with an initial consultation to understand the scope of the audit and the client’s internal financial processes. We conducted a thorough review of their financial records, focusing on critical areas such as revenue recognition, cost allocation, and cash flow management. This included reconciling discrepancies, verifying the accuracy of journal entries, and ensuring adherence to relevant accounting standards and regulations.

To support the audit process, we worked closely with the client’s finance team to prepare documentation and respond to auditors’ queries efficiently. Our team also identified potential risk areas, such as unusual transactions or incomplete records, and provided solutions to address these issues proactively. This not only improved the client’s readiness for the audit but also reduced the risk of findings that could delay its completion.

As part of the support process, we developed recommendations for improving the client’s internal controls and financial reporting practices. This included implementing more robust tracking mechanisms and enhancing transparency in their accounting processes.

The project concluded with a successful audit outcome, achieved on schedule and without significant adjustments. By providing targeted support and actionable insights, we helped the client build confidence in their financial management processes, ensuring they were well-positioned for future audits and business growth.

Hospitality
Strategy and Planning
Companies

Project Location

United Kingdom