SRA-Summary Risk Assessment

• Hotel Name

• Prepared by

• Conducted on

  Date

FINANCIAL MANAGEMENT & REPORTING

• Financial critiques

  Yes

  Needs Improvement

  No

  N/A

• Financial statements are reviewed on a monthly basis. DFA follows up through critique meetings or other communication as evidenced by email or other documentation. *Review meeting minutes to demonstrate follow up was taken on outstanding items from the prior period's meeting

• Review of manual journal entries

  Yes

  Needs Improvement

  No

  N/A

• *Manual journal entries are reviewed and approved. Evidence of review is maintained. Sample 4 entries for approval and supporting documentation. GM to approve DFA entries

ACCOUNTS PAYABLE

Purchasing

• Checkbooks

  Yes

  Needs Improvement

  No

  N/A

• Checkbooks in place for each department to ensure all invoices are received and processed in a timely manner. Accruals reflect actual expenses incurred for the period (not yet paid), and are properly supported. *Audit checkbooks for 3-4 departments to ensure proper tracking of all purchases, receipt, and payments. Verify that department managers are cross-referencing the AP Detail Purchase report in OnDemand.

• Purchasing and receiving functions separated

  Yes

  Needs Improvement

  No

  N/A

• *Interview department managers for understanding of ordering and receiving process and functions

• Yes

  Needs Improvement

  No

  N/A

• Procedure

Purchasing Card

• DASF Inherit roles/Vendor set-ups

  Yes

  Needs Improvement

  No

  N/A

• Procedure

• Yes

  Needs Improvement

  No

  N/A

• Procedure

• Yes

  Needs Improvement

  No

  N/A

• Procedure