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I I SECTION II PRIOR YEAR CORRECTED FINANCIAL STATEMENT FINDINGS AND RECOMMENDATIONS I No. 2005-5 IRS Form 941 I Observation We noted that the 941 Quarterly Reports filed with the Internal Revenue Services were not reconciled to the Salaries & Wages general ledger accounts. I Recommendation We recommend that a responsible person prepare reconciliation on a quarterly basis which reconciles the total reported on the 941 Quarter Reports to the relevant general ledger accounts. The reconciliation should be reviewed by management. Failure of reporting correct information to the authorities may result in fines and penalties, I Current Year Status This recommendation has been implemented and will not be repeated, I No. 2005 -6 Group Sales Deposits I Observation During our review, we noted there was no sub-ledger listing which details the name of the group, the show code and the performance date along with the amount deposited, We understand that the ticketing system "MaxTix" is not configured to provide this level of detail. The failure to provide complete and accurate information may result in the risk of unrecorded revenue. I Recommendation We recommend that management consider the preparation of a "sub-listing" which provides supporting detail to the general ledger account for group sales deposits. I Current Year Status This recommendation has been implemented and will not be repeated. I I I I I I I I I