O'Connor & Drew, P.C. Hosts 2nd Auto Dealer Symposium

November 1, 2017 - Automobile dealers, managers, and other dealership staff members throughout New England gathered in Needham, MA on Tuesday, October 24 to review current accounting topics facing the automotive industry.

Principal Kevin J. Carnes, CPA, CVA discussed how to create effective pay plans. Principal Francis X. O'Brien II, CPA, CIA, CFE reviewed current examples of fraud within the dealership and ways to prevent it. Principal Lauren A. Carnes, CPA, MST discussed the latest tax tips to help your dealership as well as the potential impact of the Trump administration's impending tax plan. OCD Tech Senior IT Audit Manager Nick DeLena, CISA, CRISC, MBA spoke about Cybersecurity and the risks that currently exist within the dealership.

"This event is something we hope to do on an annual basis as we've gotten some great feedback from our dealers", said Principal Kevin Carnes. We pride ourselves in providing the highest caliber of service to the many dealerships that we service. This is just another great opportunity for us to support the industry by gathering everyone together and sharing ideas to improve daily dealership operations and tips to increase overall profitability", Carnes added.

About O'Connor & Drew, P.C.
O'Connor and Drew, P.C. has serviced the automobile dealership industry for nearly seventy (70) years and has an extensive understanding of automotive dealerships and their processes including: New Vehicle Sales, Used Vehicle sales, parts, services, body shop, and F&I. Internally, O'Connor & Drew has an Auto Dealership Team devoted exclusively to servicing auto dealers ensuring that they receive the highest level of customer service that caterers specifically to their business as well as the individual needs of the owner.

O'Connor & Drew, P.C. is one of the largest full-service accounting firms in New England. Led by a team of sixteen principals and over eighty accounting, tax and consulting professionals, O'Connor & Drew, P.C. has the knowledge and resources to provide its clients with unmatched service and expertise in audit, corporate and individual taxation, business consulting, accounting and other specialized services across numerous industries. O'Connor & Drew, P.C. works to cultivate a working environment focused on professional development by encouraging its staff to belong to professional organizations within the accounting industry and the industries that it serves as well as philanthropic organizations within the community.

About OCD Tech
OCD Tech is the IT Audit & Security Division of O'Connor & Drew, P.C. They provide independent and objective assurance of a company's IT controls. Using industry recognized frameworks and best practices, OCD Tech assesses a company's technology risks and evaluates existing controls for risk mitigation. Specialized services include SOC Reports, DFARS Compliance, IT General Controls Review, Vulnerability Assessments, Penetration Testing, and Social Engineering.