The 2023 Audit program in Hospitality industry
Learn world-class audit techniques for the hospitality industry. Design and implement effective audit programs for hotels of all sizes. Ideal for auditors, CFOs, regulators, and risk management professionals.
What you’ll learn
- Learn World class audit techniques using by hotel chains and conglomerates around the world
- Gain a big picture about characteristics of hospitality industry
- Be able to design and implement audit program for all kinds of hotel regardless of size
- Be able to be an effective night auditor
The hospitality industry has emerged as one of the key industries driving growth of service sector in most countries around the world. With scale comes complexity, as the global industry and number of players are ever increasing, and so the hospitality industry navigates a tough commercial, regulatory and governance environment. Taxation policies, debt-funding, licensing issues, human resource management, quality of guest services in the era of social media, safety, security, etc., are some of the major challenges faced by the hospitality industry in the country.
In this scenario, the roles and responsibilities of the members working as internal auditors in hospitality industry has assumed considerable significance. As the “third line of defense”, internal audit plays a key role in organization’s risk management, and assurance processes.
This course covers in detail all important aspects related to hospitality industry. The first module provides a brief overview of hospitality industry covering aspects, such as, financing and operating models, revenue aspects, operational processes etc. The second module deals with audit program for large hotel chain and conglomerates. The third module will deal with audit program for standalone budget hotels. The fourth module will deal with night auditing process.
The fifth chapter throws light on areas of specialization which are projects, revenue management, information systems audits, risk control matrices, CAAT based auditing, etc.
Who this course is for:
- External auditors, internal auditors who are auditing in hospitality industry
- Chief financial officer of hotels regardless of size
- Regulators which want to audit in hospitality industry
- Chief risk officer, risk management function of hotels regardless of size
- Anyone who want to have a broad overview about hospitality industry and how to audit hotel effectively
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