Field
Examinations| Overview | Services | Contact Us | |||
Asset Based Lending Consultants (ABLC) perform Field Examinations worldwide. Field Examinations are performed using the Lender's own work papers or software in order to minimize the impact of using outside Examiners. ABLC can also perform examinations using it's own Excel based work papers along with a narrative report detailing findings. Examinations are kept confidential and lines of communication between ABLC and the Lender are maintained throughout the Examination process.
We have the flexibility to perform audits that require anywhere from one to five auditors, locally or globally. ABLC will perform to the Lender's specifications and time frames both in the field and during the writing of the report.
The scope of the Field Audit is flexible so as to insure that all information required by the Lender is gathered and quantified in the final report. Examinations include:
Review of Accounting Records/ Systems.
Testing the authenticity of Receivables.
Review credit control procedures.
Analyze Sales, Dilution and Debt Turnover.
Analysis of ineligible Accounts Receivable.
Concentration Accounts.
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ABLC are able to offer this function in isolation for clients that only require confirmation of inventory levels. |
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Review of Accounts Payable systems.
Purchases and Creditor turnover.
Check for Vendor pressure.
Examination of Ledgers and internal tax records, along with proof of all tax payments.
Determination of any and all outstanding tax obligations.
Review of operating account with checks for any direct deposits
Verify that all funds flow in accordance with Loan agreement
Review of financial statements ( Balance Sheet, Income Statement and Cash Flow).
Analyze Credit Insurance Policy on receivables.
Analyze Insurance Policy on inventory.
Review Insurance for building and machinery.
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