CA Amrita Chattopadhyay (Financial consultant) 25 January 2018
The Internal controls for the Automotive dealers would be the same as the Internal controls for retailers. As the main function for the dealer would include the purchase and sale, the basic controls for the purchase and sale can be reviewed.
A car dealer apart from the sale of car also sells many accessories, thus the revenue and controls over such accessories has to be reviewed.
Further, the verification of the warranties has to be specifically done