Auto Dealerships - Audit Technique Guide - Uncle Fed's Tax*Board

Conclusion
Although intimidating at first, the books and records of an automobile dealership are usually very
complete. So much so that it would be easy to drown in a sea of paperwork without the aid of a
structured audit plan and the knowledge of the accounting procedures employed by the
dealership. In most audit situations, the taxpayer will set aside a room or "home" for the
examining agent out of the mainstream of the business operations with all of the items requested
on the original Information Document Request present until the examination is finished.
Therefore, it is crucial that some understanding of the records exist prior to the issuance of even
the first IDR Given this comprehension, the auditor should have all the necessary ingredients to
get started.
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