SUBR Moodle SU COMMUNITY MOODLE COM Chapter 7 Discussion For the purpose of this

Question

SUBR Moodle SU COMMUNITY MOODLE COM Chapter 7 Discussion For the purpose of this discussion; Tickets for the On the Run Il" concert have gone on sale, prices were listed at $100 per ticket on Ticket Master, however upon selection consumers were third party site (QuickTickets) where the ticket prices soared to more than $800 per ticket for the very same seats. It has become apparent that the best tickets are only available through Quick Tickets, a company which Ticket Master is majority owner. Due to the large number of consumer complaints, an investigation into the company is being conducted. You have been brought in to conduct an audit. 1During the course of an audit, do you believe that you) the auditor should look into how revenues are being generated? Do you think a review of the business practices of Ticket Master is also necessary? Explain.

Explanation / Answer

Yes,I strongly support that auditor should look into the revenue generation of the organization and how much revenue an organization has generated from different sources. In this case two earn more revenue Ticket Master has authorised a company where it has majority share and increased the price by 7x-8x. This is not correct and tantamount to unfair business practice. The auditor should audit "audit of propriety".

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