An audit report on the Nevada Athletic Commission.
Written in 2006; 1,030 words; 3 sources; MLA; $ 36.95
Paper Summary:
This paper serves as an audit report of the Nevada Athletic Commission. According to the paper, the Nevada Athletic Commission (NSAC), first established in 1941, is a five-member body appointed by the State Governor for a three year term. It reports that the role of the NSAC is to regulate all contests and exhibitions of unarmed combat within the state of Nevada. This is accomplished through the issuance of licenses to hold contests or exhibitions where an admission fee is charged, and to contestants, promoters, boxers, seconds, ring officials, managers, and matchmakers who participate in a professional contest or exhibition.
Outline:
Brief Description of Nevada Athletic Commission
The Findings of the Audit Report
Why was the Audit Requested?
Who was this Audit Reported to?
From the Paper:
"Due to lack of adequate guidance in the Commission's regulations and procedures, the process of computing and collecting the promoters' event fees has become overly complex. The complexity has resulted in the fees not being always computed correctly. For example, the report found that when determining event fees, regulations allow promoters to exclude complimentary tickets totaling up to 4% of the seating capacity, but the procedures in place do not provide sufficient guidance on how the exemption is to be applied. This leaves room for errors, inconsistency, and inaccurate calculation of the payable fee. As a result, some promoters paid more than the required amount while some others paid less. In one instance, the Commission had allocated the exemption to the most expensive seats, thus reducing the amount paid for an event; in other instances, two promoters did not get the complimentary tickets exemption for not having provided sufficient detail, while two others who had provided the same level of detail were allowed the exemption. The auditors, therefore, recommended a standard fee reporting form."
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