case study
Harrier Motors deals in motor vehicles, sell spear parts, provides after-sales servicing and undertakes car body repairs. During the financial year to 30 June 20X7, the company expanded its operations from five to eight sites.
Each site has a car showroom, service workshop and parts storage.
In May 20X7, management appointed an experienced chartered certified accountant to set up an internal audit department.
New cars are imported, on consignment, every three month from supplier. Harrier pays the purchase price of the cars, plus 3 percent, three month after taking delivery. Harrier does not return unsold cars, although it has legal right to do so.
case studyHarrier Motors deals in motor vehicles, sell spear parts, provides after-sales servicing and undertakes car body repairs. During the financial year to 30 June 20X7, the company expanded its operations from five to eight sites.Each site has a car showroom, service workshop and parts storage.In May 20X7, management appointed an experienced chartered certified accountant to set up an internal audit department.New cars are imported, on consignment, every three month from supplier. Harrier pays the purchase price of the cars, plus 3 percent, three month after taking delivery. Harrier does not return unsold cars, although it has legal right to do so.
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