25 04 Analysis of comps and Player’s Club liability 25 Promo Allowance
12/6/24
Auditing & Analyzing Comps and Promo Allowance Understand the competitive environment. More supply = increased comps (usually)
Perform year-over-year analytical review of comp revenue and amounts recorded as comp expense (reclassified to casino expense) and compute the cost of promotional allowances. • This can be analytically tested using prior year comp levels and market consistent estimations if there is sufficient support and historical information available to develop a reliable expectation.
Understand the assumptions underlying the cost of sales percentages. If reclass, percetageimplicit in the casino reclass.
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