Ready, set, get audited – How your audit can be easier next time

Description

Abstract: With a bit of advance planning, a visit by an external audit team can be brief and predictable. Plus, many offer business improvement and tax-savings tips that could actually make a dealer’s life easier. This article discusses how to prepare for a visit, and how to benefit from ideas the auditor may have gathered throughout the audit process to help improve operations and build value. A sidebar discusses the choices dealers have when accounting for new vehicle inventory.