Bloomington Bees Case

BLOOMINGTON BEES boldness The Bloomington Bees, an independent minor league baseball group, competes in the Mid-States League. The team finished in second place in 2011 with an 87-57 record. The Bees 2011 cumulative attendance of 434,348 spectators set a new record for the team, up from 390,121 in 2010. Bank loan covenants require the Bees to submit audited fiscal statements annually to the bank. The accounting firm of Howe and Wen, CPAs, has served as the Bees auditors for the past cinque years. One of the major audit areas involves testing tag end revenues. The revenues reached close $1.9 million in 2010. In prior years, the audit figure called for extensive detailed testing of revenue accounts to gain government agency that reported ticket revenues were fairly stated. Nadine Mercil, a new audit manager, just received the assignment to be the manager on the 2011 audit. Nadine worked previously on the Bees prior year audits as a staff auditor.

When she learned she would be managing the current year engagement, she straightaway thought back to all the hours of detailed testing of ticket sales she had performed. On some of her other clients, Nadine has been successful at redesigning audit plans to make better use of analytical procedures to contrive expectations and reduce substantive testing. She is beginning to Is this the right analyse for you? Watch the video below to read 2 more pages now. or If you want to get a full essay, hunting lodge it on our website: Orderessay

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