Combating Fraud Through Effective Internal Controls Safeguarding Your Dealership in 2021

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Preventing fraud in your dealership must always be a high priority. A sound system of internal controls, with the right balance of preventive, deterrent, and detective controls, can significantly reduce your dealership's vulnerability to fraud.

Christine Andrews and Rob Campbell from Withum Smith & Brown will address the components of a strong fraud prevention program and provide you with strategies and best practices to implement such a program in dealerships.
 
Topics include:

  • Separating duties among staff

  • Frequency of posting transactions

  • Issues with using your DMS to calculate sales tax

  • Managing floor plan reconciliation

  • Using key indicators to control risk

  • Management responsibilities and reactions to fraud

Presenters

  • Christine Andrews
    Withum Smith & Brown

  • Robert Campbell
    Withum Smith & Brown

Moderator

  • Susan J. Bieber, Esq.
    Vice President - Dealer Services
    GNYADA