Bees¶ reported revenue would have to be within $100,000 or a little more for it to be considered reasonable or fairly stated

. There could be a number of reasons reported ticket revenues may be outside the reasonableness range´. Simply put, I could have figured the expected revenue incorrectly with the information I was given(which could make me completely off in expectations. The allocation of tickets per weekend and weekday as I assumed, could have been different in the actual numbers for each day. I just assumed that the average per day was the same, taking in to account the increases due to promotions and weekends. None of the information reported weather conditions for any certain day, which could significantly lower any of the numbers of people per... Burlingham Bees 1 1 . Analytical Procedures Used as Substantive Tests The auditor s reliance on substantive tests to achieve an audit objective related to a particular assertion may be derived from tests of details , from analytical procedures , or from a combination of both . For significant risks of material misstatement , it is unlikely that audit evidence obtained from substantive analytical procedures alone will be sufficient .The auditor considers the level of assurance , if any , he wants from substantive testing for a particular audit objective and decides , among other things , which procedure , or combination of procedures , can provide that level of assurance . For some assertions , analytical procedures are effective in providing the appropriate level of assurance . For other assertions , however , analytical procedures may not be as effective or efficient as tests of details in providing the desired level of assurance . When designing substantive analytical procedures , the auditor also should evaluate the risk of management override of controls . As part of this process , the auditor should evaluate whether such an override might have allowed adjustments outside of the normal period-end financial reporting process to have been made to the financial statements .The expected effectiveness and efficiency of an analytical procedure in identifying potential misstatements depends on , among other things (a )the nature of the assertion (b ) the plausibility and predictability of the relationship (c ) the availability and reliability of the data used to develop the expectation , and (d ) the precision of the expectation .Nature of Assertion Analytical procedures may be effective and efficient 1) 43+29=72 games over the year 434,348/72=6,032 people per game 6,032 * .25 = 1,508 + 6,032 = 7,540 (25% increase in weekend games) total sales per weekday game: 5,016 * .30 = 1,504.8 * 10 = 15,048 5,016 * .35 = 1,755.6 * 6 = 10,533.6 5,016 * .20 = 1,003.2 * 4 = 4,012.8 5016 * .15 = 752.4 * 2 = 1,504.8 $31,099.2 5,517.6 * .30 = 1,655.28 * 10 = 16,552.8 ,517.6 * .35 = 1,931.16 * 6 = 11,586.96 5,517.6 * .20 = 1,103.52 * 4 = 4,414.08 5,517.6 * .15 = 827.64 * 2 = 1,655.28 34,209.12

035.073.540 * .132.440.540 * .572 7. which could significantly lower any of the numbers of people per.289. The discrepancy between projected and actual ticket revenues is the pivotal point upon which further analysis can take place.25 = 2.275. and this analysis consists of analytical procedures.209. weekend ticket revenues equal $1.25 = 1.294 * .20 = 1.31.508 * 2 = 3.6 47.929.454. These figures are the projected numbers based on calculations alone.850 7. The allocation of tickets per weekend and weekday as I assumed.30 = 2.073.016 42. Using a similar process to calculate weekend ticket sales.294 * .2 8.885 * 4 = 7.2 * 6 = 14.000 or a little more for it to be considered reasonable or fairly stated.035. There could be a number of reasons reported ticket revenues may be outside the reasonableness range´.275.8 * 10 = $1.444.375. The breakdown for the calculations is as follows: Multiplying percentage of attendance by total weekend attendance yields the approximate ticket revenue for each type of ticket: Multiplying attendance for each type of ticket by ticket price provides approximate ticket revenues for each type: Total weekend ticket revenues equal $1. these numbers should be adjusted in accordance with relevant factors that could mitigate projections. I could have figured the expected revenue incorrectly with the information I was given(which could make me completely off in expectations.30 = 2. I just assumed that the average per day was the same.262 * 6 = 13.289. Simply put.25 = 2.540 * .04 + 1.12 * 7 = $1. or approximately $2.340 = $2.885 * 10 = 18.04 for all weekday games total sales per weekend game: 7.2 * 36 + 34. Actual ticket rev .594.20 = 1. however. Weekday plus weekend ticket revenues equal a grand total of $2.294 * . could have been different in the actual numbers for each day.8 42.132.25 = 1.294 8.340 for all weekend games expected ticket revenue: 1.540 7.978 * 19 + 47.540 * .5 * 4 = 8. in employing analytical procedures. taking in to account the increases due to promotions and weekends.735 8.359.648. None of the information reported weather conditions for any certain day..59 million.294 * .658.359..5 * 10 = 20.978 with promotions: 8.04 2) Bees¶ reported revenue would have to be within $100.317.488.099.8 * 2 = 3.