Question: HELP: need help with excel formulas and assertions This case involves the use of data analytics to audit football ticket revenues of Florida State University.
HELP: need help with excel formulas and assertions
This case involves the use of data analytics to audit football ticket revenues of Florida State University. Note: The transaction level data and many of the facts are fictitious. Detailed information is provided in a separate file. Questions should be answered utilizing Excel and all answers must be supported with the Excel files. The five databases provided in this exercise are as follows and are included in the Connect assignment posted on Blackboard:
Unsold tickets by game
Season ticket sales revenue
Champions Club ticket revenue
Single game ticket sales, by game
Issued tickets, by game.
Complete the Connect question regarding IPE.
Review single game ticket sales for duplicate listings.
The assertion for which you are gathering evidence is
The Excel functionsformulas utilized to obtain the answer was
Duplicate listings are as follows by games:
Determine if there are missing tickets.
The assertion for which you are gathering evidence is
The Excel functionsformulas utilized to obtain the answer was
Missing tickets are as follows by games:
Review season ticket sales for any issued in the subsequent accounting period.
The assertion for which evidence is being gathered is
The Excel functionsformulas utilized to obtain the answer was
Season ticket sales issued in the subsequent period are as follows:
For the purpose of cleansing the file, review the single game sales for characters in a numeric column.
The client has provided you with the following information which they have calculated based on the underlying accounting information:
Season tickets sold excluding Champions Club
Champions Club seats sold
Student tickets provided, per game
Average number of complimentary tickets provided
Average season ticket price $
Prepare and document an estimate of football ticket revenue using only the summary estimates provided above by the client, as well as the clients single game total tickets issued summary. Use this calculation to test the reported sales revenue of $ and answer the following questions:
a What is your best estimate of football ticket revenue using the clients average ticket sales and prices provided in the case?
b Based on the performance materiality of $ does football ticket revenue appear to be fairly stated?
The client provided you with certain calculations above. Are the calculations provided for the Season Tickets sold, Average # of complimentary tickets provided and the Average season ticket price sufficiently accurate for the purpose of the analytical procedure based on the underlying transaction level data?
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
