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Internal Audit Services for Manufacturer Owned Retail Outlets
The past few years have seen a large increase in the number of retail outlets either directly owned, or sponsored, by the manufacturer. Control over these outlets is vitally important to ensure they operate in the best interests of the manufacturer and that all profit opportunities are maximised. To help facilitate this we have developed a specific internal audit function.
Our Internal Audit Programme would normally evaluate the dealerships regarding:
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The Reliability and Integrity of Financial and Operational Information |
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The Effectiveness and Efficiency of Operations |
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The Safeguarding of Assets |
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Compliance with Laws, Regulations and Contracts |
The programme should be structured to identify profit and cash leaks, both actual and potential, saving lost revenue or unnecessary cost. As a key part of the process we will need to evaluate the adequacy and effectiveness of controls encompassing the organisation’s governance, operations and information systems.
Our professionals are working on motor trade clients 100% of their time which gives them the additional ability to spot potential problems before they arise and identify profit opportunities within the current business. It is for this reason that we are trusted by many banks and finance companies to prepare financial statements and reports which give a real insight into the individual dealer, the franchise and the UK motor trade as a whole. The staff also possess sufficient knowledge to identify the indicators of fraud, however their primary responsibility will not be the detection and investigation of fraud.
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Trevor Jones has a nationwide presence ...
...with contacts through
its sister company, ASE, throughout Europe and
the rest of the world
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