Cinescreen Multiplex Ltd. is operating cinemas in different locations in Mumbai and has appointed you as an internal auditor. What are the areas…

The special steps involved in the audit of receipts from sale of tickets are stated below- (i) Verify that entrance to the cinema-hall during show is only through printed tickets; (ii) Verify that they are serially numbered and bound into books. In case bookings are made online, verify the system for online booking; (iii) Verify that the number of tickets issued for each show and class, are different though the numbers of the same class for the show on the same day, each week, run serially; (iv) Verify that for advance booking a separate series of tickets is issued; (v) Verify that the inventory of tickets is kept in the custody of a responsible official. (vi) Confirm that at the end of show, a statement of tickets sold is prepared and cash collected is agreed with it. (vii) Verify that a record is kept of the 'free passes' and that these are issued under proper authority. (viii) Reconcile the amount of Tax collected with the total number of tickets issued for each class. (ix) Vouch the entries in the Cash Book in respect of cash collected on sale of tickets for different shows on a reference to Daily Statements which have been test checked as aforementioned with record of tickets issued for the different shows held.