Automotive dealership compliance auditing services
Today’s automotive dealerships face many challenges when it comes to meeting the laws and regulations set forth by federal and state governments to regulate automotive dealerships. These laws and regulations are becoming more and more stringent, and government regulators are becoming more aggressive about targeting car dealership owners that are not in compliance with these laws.
Some of the automotive law and regulations that are at the top of list include:
- Gramm-Leach-Bliley Privacy Rule
- Gramm-Leach-Bliley Safeguards Rule
- Disposal Rule
- Used Car Rule
- Red Flags Rule
- Regulation Z or “Truth in Lending Act”
- Equal Credit Opportunity Act
Many dealership owners are feeling the stress and strain when it comes to making sure that they are not only implementing all the required procedures, but that they are doing this in such a way that they are legally compliant. Failure to comply with these mandatory regulations can result in costly mistakes for a dealership.
Enlisting the services of a business consulting firm that specializes in automotive dealership compliance auditing ensures that your dealership is meeting all the laws, rules, and regulations in order to avoid the stiff penalties imposed by both state and federal governments.
What you don’t know can hurt your business
If you’re in the business of car dealership management, you know how hard it is to manage all the issues involved in auto dealership compliance while trying to manage your day-to-day operations, marketing, and sales.
GYL provides a full range of accounting, audit, business advisory, and tax services to automotive dealerships. Our goal is to assist our clients when it comes to developing a complete compliance plan that fits the specific needs of their dealership. The professionals at GYL will handle the audit to make sure that your dealership is in total compliance with all laws and regulations and can successfully survive an audit and review.
Automotive dealerships are often the targets of fraud. Therefore, it’s critical that fraud policies are adopted and put into place. At GYL, our CPAs want to help you to be proactive vs reactive in preventing fraud before it starts. By working with dealerships to design a system of fraud deterrents, the goal of our CPAs is to detect any fraud before the losses can have a serious effect on the ability of the dealership to conduct business.
Getting started
Automotive dealership compliance is essential to the success of today’s dealerships. In many cases management and employees don’t have the time or adequate training to correctly implement all the many federal and state laws and regulations that now govern dealerships.
GYL offers auto dealership compliance services and accounting services for the automotive industry as well as a wide range of niche services. With offices in San Diego and Ontario, our specialists in compliance auditing will help to ensure that your dealership is on the right path to maintaining compliance.
If you own an automotive dealership in Southern California, contact one of offices to schedule your free consultation.