Internal Controls and Profit Leaks Review
Deloitte Motor Industry Services has many years of experience helping dealers monitor and manage the risk of profit leaks and fraud at dealerships through a deep understanding of internal controls and working with best practice dealers.
Internal controls reviews involve Deloitte Motor Industry Specialists performing detailed testing of the controls within your dealership including their implementation by relevant dealership personnel.
Areas that are looked at include but are not limited to:
- IT Controls
- Departmental manager internal controls questionnaire
- Segregation of duties assessments
- Appropriate management approvals
Deloitte can assist with the identification of areas where profit is being lost within a dealership through review of operational reports, identification of exceptions and comparison of procedures to dealership best practices, which include but are not limited to:
- Cash handling procedures
- Asset management
- Payroll processes and approvals
- Wholesaling activity