12-47 6 You are the andit wetior on the audit of Creat Eastcontal city' and as sich is peone to seavenal fluctuations. The 201 -icon botel is open year rount with a dablad ronell rate of $90 jer night, CFH changer $95 per room in the asmance and 585 per moan in the winter, fhe same as the prive year. The hotel iacludes a bar and restrarait as well as underepund parking: Frote the aodit work perfoumed to date, you are atisfied that C.Ell has well-etabluhed controb Yoi therefore decide to place reliance on these controls and for the most part we only sulatantive anahtical procedures to tot reverace (semamarized helion). You are satiafied that this approach will provide yeu with mufficient assurance on hoted roan terense So far, you have obtained a breakdontw of rocm rental rates from the local touris boused CHAPTER 12 I A a. Comment on the quality of information you have obtained so far, considering its source, audit assertions, and level of detail in your discussion. b. What additional analytical procedures would you be required to perform in order to ensure the degree of precision necessary to provide adequate assurance for hotel room revenue? c. Develop an expectation of GEH's rental revenue. Based upon this analysis, provide your conclusion on GEH's 2020 hotel revenue. d. Based on your analysis and conclusion in Part (b). describe what further inquiries you would make of GEH management and corroborating evidence you would request. Tie your discussion to specific audit assertion(s) you are concerned with. e. Despite the well-established controls at GEH and your decision to place reliance on them, is it appropriate to