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This excerpt taken from the AN 10-K filed Feb 17, 2010. Changes in Internal Control over Financial Reporting There was no change in our internal control over financial reporting (as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act) that occurred during our last fiscal quarter that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting. We continue to centralize certain key store-level accounting and administrative activities, which we expect will streamline our internal control over financial reporting. The initial or “core” phase consisted of implementing a standard data processing platform in the store and centralizing to a shared services center certain key accounting processes (non-inventory accounts payable, bank account reconciliations, and certain accounts receivable). We have implemented the core phase in substantially all of our stores. We are also transferring certain additional accounting responsibilities to our shared services center (the “extended” phase), which includes accounting for vehicle sales, lien payoffs, receipt of vehicles, floorplan transactions, and manufacturer payables, as well as certain other reconciliation processes. We have substantially implemented the extended phase in 42 of our 203 stores as of December 31, 2009. These excerpts taken from the AN 10-K filed Feb 17, 2009. Changes
in Internal Control over Financial Reporting
There was no change in our internal control over financial
reporting (as defined in
Rules 13a-15(f)
and
15d-15(f)
under the Exchange Act) that occurred during our last fiscal
quarter that has materially affected, or is reasonably likely to
materially affect, our internal control over financial reporting.
We continue to centralize certain key store-level accounting and
administrative activities, which we expect will streamline our
internal control over financial reporting. The initial or
“core” phase consists of implementing a standard data
processing platform in the store and centralizing to a shared
services center certain key accounting processes (non-inventory
accounts payable, bank account reconciliations and certain
accounts receivable). We have substantially implemented the core
phase in 224 of our 232 stores as of December 31, 2008.
Changes in Internal Control over Financial Reporting There was no change in our internal control over financial reporting (as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act) that occurred during our last fiscal quarter that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting. We continue to centralize certain key store-level accounting and administrative activities, which we expect will streamline our internal control over financial reporting. The initial or “core” phase consists of implementing a standard data processing platform in the store and centralizing to a shared services center certain key accounting processes (non-inventory accounts payable, bank account reconciliations and certain accounts receivable). We have substantially implemented the core phase in 224 of our 232 stores as of December 31, 2008. These excerpts taken from the AN 10-K filed Feb 28, 2008. Changes
in Internal Control over Financial Reporting
There was no change in our internal control over financial
reporting during our last fiscal quarter that has materially
affected, or is reasonably likely to materially affect, our
internal control over financial reporting.
Changes in Internal Control over Financial Reporting There was no change in our internal control over financial reporting during our last fiscal quarter that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting. | EXCERPTS ON THIS PAGE:
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