Audits in the Entertainment industry| Concept of Loyal Witnesses| Enterslice

#audit #loyalwitnesses #entertainmentindustry

The sector of the entertainment industry comprises segments like radio, event management, broadcasting, sports and amusement, etc. In the past few decades entertainment sector has gone through a very rapid change making it one of the fastest-growing sectors in India.
Brand Promotion and sponsorship services are also connected with this sector. India is one of the largest media and entertainment markets and it is also the second-largest television market in the world. We also have the biggest film industry in the world and we have the highest number of tickets sold. Other countries release films after a couple of months so they remain shocked at the fact that in our country every Friday, a new film is released.
This is also owing to the number of the labor force that we have. So we need to know what is the requirement of Audit in this area. The purpose of conducting a cinema audit is to confirm accurate cash flows, comparing the exact earnings of the films against what has been presented.
Now, sometimes we see that the funding is illegitimate. Directors and producers are desperate to get their versions over the big screen. But not every company is determined to play fair. To learn more about the audits in the entertainment industry, watch the complete video.

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