Juan C. Pena, CPA, CGMA, is a director in the Audit Department and Risk Advisory Practice at MBAF.
Juan’s primary responsibilities include automobile dealership auditing and consulting, including operational efficiency and internal control consulting.
Juan has over 20 years of audit and industry experience, including auto dealership consulting, internal audit at two multinational Fortune 500 organizations, Foreign Corrupt Practices Act audits, internal control documentation including Sarbanes-Oxley (SOX) documentation and implementation, and ERP accounting system and database implementations. Juan has also held financial leadership positions at international and multi-location companies.
Interest rates for new car loans have been on the rise. In fact, according to Edmunds, they reached their highest mark in the past eight years during the first quarter of 2018. As interest rates rise, the average dealership gets dealt two heavy blows ...Explore
There are only a few dealers out there that will say that “2018 was our best year ever.” Clearly we are in the downward portion of the cycle with regard to buy-sell. But if the old adage, “sell high & buy-low” holds true, ...Explore
Like fixed operations managers everywhere, Doug Shipp wanted to improve the gross profit from his service department’s labor. Shipp, service and parts director at Tafel Motor Co., a Mercedes-Benz dealership in Louisville, Ky., reviewed the rate ...Explore
Nationally recognized public accounting firm MBAF has promoted five professionals to the position of director. The announcements were made by the firm’s Chairman and CEO, Tony Argiz. Clairissa Burns, CPA, has been promoted to Director in the Tax an ...Explore
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Two recent trends are converging to increase banks’ risk management obligations. One is heightened scrutiny by banking regulators of their Bank Secrecy Act and Anti-Money Laundering (BSA/AML) compliance efforts. The other is customers’ increasing ...Explore
An unexpected outcome of the recent death of designer Karl Lagerfeld is that the topic of estate planning for pets has been highlighted. Lagerfeld’s beloved cat, Choupette, played a major role in his brand. The feline was the subject of a coffee ta ...Explore
The IRS has issued a press release reminding seniors that – in most cases – April 1, 2019 is the date that taxpayers who turned 70 1/2 during 2018, must begin making required minimum distributions (RMDs) from their individual retirement a ...Explore