Retail Dealership Fraud (Completed)

Date: Tuesday, February 13, 2024
Instructor: Lewis R. Fisher
Begin Time:  11:00am Pacific Time
12:00pm Mountain Time
1:00pm Central Time
2:00pm Eastern Time
CPE Credit:  2 hours for CPAs

Retail automotive, heavy truck and equipment dealers face unique challenges from a fraud and illegal acts standpoint. This course will walk through entity level risks, including the payroll and disbursement functions, as well as drilling down into the risks faced in the various departments, such as parts/service, vehicle sales, and body shops.

Who Should Attend
Anyone with financial oversight in the retail automotive, heavy truck or equipment industry, CPA’s and practitioners with clients in these fields

Topics Covered

  • The four points of the fraud diamond
  • Characteristics of those who commit fraud
  • Impact of fraud on the automotive industry
  • Unique challenges faced by retail dealers
  • Accounting and departmental risks and tools to mitigate these risks

Learning Objectives

  • Recognize internal control structure to repel potential fraud
  • Design and implement systems to mitigate opportunities for those seeking to commit fraud
  • Identify tools to practitioners to assist clients in improving internal controls
  • Differentiate why retail dealerships are targets for fraud


Instructional Method
Group: Internet-based

NASBA Field of Study
Accounting (1 hour), Auditing (1 hour)

Program Prerequisites

Advance Preparation

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