Together, these two hotels would highlight a shift that was occurring, as an increasing number of people began to travel more, for a variety of reasons.
What accounting firm audited its financial statements?
Both companies are currently using KPMG to audit their financial statements. ("Sonic, Hilton Hotels and Sbarro ax Anderson Firm," 2002) This is important, because it shows how both organizations are trying to provide as much transparency as possible, by having an accounting firm that can respond to their needs. In many ways, the selection of them as their auditor is a testament to this commitment. Evidence of this can be seen back in 2002, when Host Marriot hired KPMG as their auditor. At the time they were using Arthur Anderson. Given the transparency issues of the accounting firm, meant that the company would have to find one that could provide increased transparency. This is significant, because the...
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