Even when objectives are clearly stated the reasons they

Assignment Help Cost Accounting

Reference no: EM13376633

Even when objectives are clearly stated, the reasons they have not been met may not be easy to discern.

The City on the Lake Convention Center was constructed at a cost of $250 million, with the aim of attracting visitors to the area. Taxpayers were assured that the convention center would be self-supporting: that convention center revenue would be sufficient to cover all expenses, including debt service.Yet, in its first five years of operation, the center consistently reported operating deficits.

Ina recent report to the citycouncil, the convention center manager attributed the deficits to the center's inability to attract sufficient conventions andotherevents. Whereasconvention plannershad projectedthatthe centerwould have events scheduled for at least 250 days during the year, it had so far averaged only 180 days-far fewer than the break-even point.

As the city auditor, you have been requested by the city council to conduct a performance audit to learn why the center has been unable to attract the projected number of conventions and other events and to make recommendations for appropriate changes so that the projections can be met.

Propose, in general terms, an approach to fulfilling the mandate of the city council.

Reference no: EM13376633

Questions Cloud

Algers company produces dry fertilizer at the beginning of : algers company produces dry fertilizer. at the beginning of the year algers had the following standard cost sheetdirect

Select a publicly quoted company obtain the annual report : select a publicly quoted company. obtain the annual report 10-k of the company for the immediate past year. an

Scenario - ahi corporation is one of your clients in hawaii : scenario - ahi corporation is one of your clients in hawaii. the company had a good year last year and owes the irs

Internal financial information is not available to the : internal financial information is not available to the public so we have to rely on external information for our

Even when objectives are clearly stated the reasons they : even when objectives are clearly stated the reasons they have not been met may not be easy to discern.the city on the

Performance audits are often far removed from financial : performance audits are often far removed from financial audits but even seemingly unauditable programs can be

The cpa firm of which you are a manager has placed you in : the cpa firm of which you are a manager has placed you in charge of the audit of the thornburg school district.the

Selected t-accounts for rolm company are given below for : selected t-accounts for rolm company are given below for the just completed yearraw materialsmanufacturing overheadbal.

Review the educational and experience requirements to sit : review the educational and experience requirements to sit for the uniform cpa examination published by the board of

User Account

All Pages