Tag: Marilou C. Vroman

Posts related to Marilou C. Vroman

  • 09/09/2013
  • Articles
  • Posted by
  • Comments Off on Dealers Beware – Fraudulent Shell Companies may be Eroding the Sands of the Dealership’s Beach

By Marilou C. Vroman, CPA, CFE

Dealerships are viewed as cash cows with deep pockets with substantial assets and revenues flowing through the operation.

As ocean waves subtly carry grains of sand away from the beach, diversion of cash and physical assets may occur in small increments over the course of time, and go virtually undetected. There are many ways a dealership may fall victim to fraudulent activity. With the high volume of transactions in typical dealerships, false billing schemes and fraudulent disbursement schemes paired with the creation of shell companies present a high risk of loss.

  • 08/06/2013
  • Updates
  • Posted by
  • Comments Off on Marilou Vroman has recently earned the Certified Fraud Examiner (“CFE”) credential

Axiom Advisors’ principal Marilou Vroman has recently earned the Certified Fraud Examiner (“CFE”) credential. CFEs have a unique set of skills and are trained to recognize the warning signs and red flags that indicate possible evidence of fraud and fraud risk. CFEs are required to meet high professional and ethical standards, demonstrate specific experience and education requirements, and pass a test covering four disciplines within the fraud examination body of knowledge including fraud prevention and deterrence, financial transactions and fraud schemes, fraud investigation and law. As a CFE, Marilou will bring additional expertise and assurance to our clients in the detection and prevention of fraud. Congratulations Marilou!

  • 06/13/2013
  • Articles
  • Posted by
  • Comments Off on Avoiding Closing Table Surprises – Things you should know before you sign the APA

By Marilou C. Vroman, CPA, CFE

Buying and selling dealership’s is no small task, nor is it something to be taken lightly. With transactions that can take months to complete and involve tens to hundreds of millions of dollars, both the financial risk and reward can be overwhelming. Buy-sells can affect dealership owners and its employees both financially and emotionally.

Axiom Advisors would like to congratulate our friends at Checkered Flag Auto Group for acquiring a Land Rover franchise as of December 31, 2012.

Checkered Flag also carries the following franchises Audi, BMW, Honda, Hyundai, Jaguar, Mini, Porsche, Scion, Toyota and Volkswagen.

 

  • 11/16/2012
  • Articles
  • Posted by
  • Comments Off on Do not wait until the New Year to get your financials in shape – What Managers should be doing NOW to get ready

By Marilou C. Vroman, CPA, CFE

As the holidays approach and concentration may drift to turkey, holiday parties, and gift giving; now is the time to get dealership ready for a successful year-end and a clean, lean New Year.

  • 07/02/2012
  • Articles
  • Posted by
  • Comments Off on Getting Ready for the Dealership’s Annual Parts Physical: Ideas Your Team Should Have in Place Before the Variance is Announced
By Marilou C. Vroman, CPA, CFE

Chances are most dealers and managers have either experienced first-hand or heard stories of a large parts write-off upon completion of a dealership parts physical inventory. Interestingly, while an employee may lose his or her job over a cash shortage of $200, a parts variance of $25,000 may result in only a temporary stir among the management team. After a brief search for the cause, it is often back to “business as usual” for many dealership organizations.

  • 03/01/2011
  • Articles
  • Posted by
  • Comments Off on Getting the Dealership’s DMS in Shape for Spring: Retaining the Right Business Information is Key to Success

By Marilou C. Vroman, CPA, CFE

Published in: Professional Auto News

Business intelligence describes the methodology of extracting business data and turning it into valuable information to help business owners and managers make better business decisions. As a dealership goes about its daily business, the Dealership Management System (DMS) is working behind the scenes, capturing transaction history, as well as details about customers, vehicles and employees.

By Marilou C. Vroman, CPA, CFE

Published in: Professional Auto News

On the last day of each month, the energy and activity in dealerships across the state and across the country reach peak levels.  Motivated by profit objectives, commissions and bonuses, the sales department works overtime to deliver final deals, and the service and parts departments rapidly close repair orders and parts counter tickets. 

    Back to top