Presenting:

Stopping Internal Theft in the Dealership

Featuring Robert Burton, CPA, CFE

Moss Adams, LLP â€â€� Dealership Services Group

Who is this program geared for?

Dealers, General Managers, CFOs & Controllers

Today's Reality:

You may have heard, "Crime is 10% motivation and 90% opportunity." Well, here's a painful truth: There's plenty of opportunity in dealerships.

Nearly one in four franchised car dealers suffer losses from an employee-related theft (and that represents just the reported cases ... estimates of undiscovered crimes are staggering).

Our expert speaker from Moss Adams, a leading dealership accounting and consulting firm, will give you detailed accounts of how dealers were cheated out of unbelievable sums of money and what should have been done to prevent these crimes.

You'll learn the secrets behind the most common scams and hear specific steps you can take today to protect your dealership's assets.

Program Details:

• Stolen cash and checks - who reconciles and who reviews your bank and cash transactions?
• Company credit card fraud - Corporate credit cards are a wonderful convenience in the right hands. In the wrong hands, they present a convenient tool for moving cash from a dealer's bank account to an employee's pockets.
• Cash receipts - Can bank drafts and wire transfers be diverted to personal accounts? Can they be offset by legitimate-sounding costs of goods sold?
• Used car wholesale kickbacks - "Horse trading" with wholesalers - 'nuff said
• Cash spiffs - who controls your cash vouchers and who checks on missing or falsified items?
• Parts inventory fraud
• Floor plan account understatement - a major source of cash leaks
• Work-in-process overstatement - Are "ghosts" flagging time in your service department?
• Phony vendors and phony invoices