A walk through of the dealership’s cash controls will be performed paying attention to all employees with access to cash. Careful attention of cash receipting and check writing procedures will be necessary to confirm these duties have the recommended controls in place to protect the dealership’s cash and cash equivalents.
The dealerships missing documents controls will be reviewed. A review of the accounting department’s system to follow up on any missing documents will be considered.
A review of controls in place for various taxes and fees, payroll administration and general computer safeguards. The accounting department should always be prepared for a state for a federal audit of the various fees and taxes collected as well as any procedures that are