8/6/2019 Director Internal Audit, Manager Internal Audit, Senior Internal

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Lawrence B. Yeager3053 Myddleton Court H (248) 644-7318 * C (248) 797-1802Troy, Michigan 48084-1220

SUMMARY

A pioneering and highly accomplished TOP FINANCE EXECUTIVE with multifaceted expertise in internal audits, financial analysis, risk management, taxation and accounts payable/receivable. Conducts detailed investigations of company assets andinterfaces with multiple levels of an organization to surface discrepancies. Carefully reviews reports, determines root causes of issues and implements long-term solutions. A focused and dedicated leader who possesses a solid track recordof identifying and recovering misallocated funds, resulting in substantial savings, among other results.

EXPERIENCE

KTF ENTERPRISES LLC, Troy, MichiganPartner, 2006 - Present

Online media consultant performed demographic data analysis and geocoded store locations. Provided MOSAIC cluster information for presentation to prospective clients.

VOLKSWAGEN OF AMERICA, Auburn Hills, MichiganGeneral Auditor, Internal Audit, 1993-2006

Managed internal audit activity for Volkswagen of America, Audi of America, Volkswagen Canada and Audi Canada. Developed annual audit program based upon risk assessment. Collaborated with auditors on assigned audit program topics. Issued audit reports to top management in the U.S., Canada and Germany. Performed specialinvestigations.* Warranty Audits: Responsible for warranty audits during the time audits werenot being done by service. Performed audits that compared the policy and procedures to the operations at the dealership. Developed actions to correct discrepancies. Charged dealers for improper claims.

* Dealer Sales Incentive Programs: Investigated incentive program with large payments for each unit reported sold and surfaced inconsistencies in customer information. Compared reported sales information to vehicle registration and other customer information, resulting in recovery of ineligible incentive payments.

* Export Vehicles: Analyzed vehicle sales reported in U.S. and noted same customer purchased multiple vehicles from different dealerships. Contacts in Hong Kong identified several U.S. vehicles arriving at port destined for China. Held discussions with company's customs group and identified firm to supply audit department with notification of vehicles exported from U.S. ports. Recovered incentives paid and coded warranty system to prevent future warranty claims.* Sales and Use Tax: Reviewed company car registration and discovered certain dealers charged company for sales/use tax while other dealers, within same state,

did not. Collaborated with company's tax group to identify states that overpaid. Sent letters notifying dealers of correct process and claims and ensured correct payment of taxes.* Accounts Payable, Duplicate Payments: Inspected payable system and discoveredsame payment amount sent to same supplier under different vendor codes. Wrote computer programs to analyze payment files for prior two years to identify potential duplicate payments. Recovered incorrect payments from affected suppliers andrestated prior year income.* Retiree Lease Vehicle Collection: Analyzed company car function and determined retirees did not remit correct amount while others made zero payments. Notifie

8/6/2019 Director Internal Audit, Manager Internal Audit, Senior Internal

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d affected retirees of discrepancies. Gave retirees vendor codes and generated monthly invoice through accounts receivable. Offered retirees option of repayingamount or opting out of lease program.* Pool Vehicle Usage: Reviewed vehicles and noted improper maintenance of usagelog by pool custodians. Developed proper usage log and trained each custodian.Conducted follow-up review after six months and corrected anomalies, resulting in reduced size and number of vehicle pools.* Employee Travel and Expense Reporting: Conducted investigation on expense reporting system and employees claiming reimbursement for centrally paid airline tickets. Developed computer programs to analyze payment files for prior two yearsand identified potential duplicate payments, resulting in development of travelauthorization process. Recovered incorrectly reimbursed payments from travelers.* Co-op Advertising Payments: Reviewed process payments to dealers and determined that outside firm hired by company to audit process payments neither appliednor enforced published rules. Collaborated with purchasing department to ensureinclusion of specific issues in request for quotation, resulting in selection ofnew supplier. Recovered incorrectly reimbursed funds from dealers.

ADDITIONAL EXPERIENCE

VOLKSWAGEN OF AMERICA 1981-1993 - Internal Audit Manager, Manager EDP Audit andData Safety, EDP Audit Manager and EDP Auditor

VARIOUS INFORMATION TECHNOLOGY POSITIONS 1972 - 1981

VOLKSWAGEN OF AMERICA, FORD MOTOR COMPANY AND AMERICAN MOTOR CORPORATION

EDUCATION

UNIVERSITY OF DETROIT, Detroit, MichiganM.B.A., 1980

UNIVERSITY OF MICHIGAN, Ann Arbor, MichiganB.B.A., 1972

CERTIFICATION

Certified Information Systems Auditor

COMPUTER SKILLS

Microsoft Office, SAP, ACL, COBOL, PanAudit, Easytrieve, Business Objects