FREDERICK, Md. -

The National Auto Auction Association sent out an NAAA Update on Thursday afternoon indicating that the International Automobile Remarketers Alliance has implemented a Standardized Auction Audit Checklist that auctions can use to prepare for audits by their IARA member auction partners.

This checklist can be accessed on the IARA website or the NAAA website.

“This checklist is intended to be used as a reference tool and is not intended to define a legally approved audit program,” the update indicated.

“The checklist should not be interpreted as a mandate from NAAA or IARA for compliance with any law or regulation and may not include all items that may be requested by their commercial customers in the event of an audit by such customer.”