Field Examinations
Comprehensive audits for informed lending decisions.
ABLC delivers comprehensive, tailored field examinations, providing lenders with the detailed insights needed for confident, informed credit decisions. Our confidential process ensures minimal disruption while delivering precise, actionable reporting on key financial components.
We conduct in-depth field examinations, including cross-border transactions, for lenders worldwide. To ensure seamless integration with internal processes, we use either the lender’s own work papers and software or ABLC’s proprietary Excel-based work papers, accompanied by a detailed narrative report outlining key findings.
Maintaining strict confidentiality, we provide clear, ongoing communication throughout the examination process. Our flexible audit team ranging from one to five examiners—can handle engagements of any scale, whether local or global.
Each examination is customized to the lender’s requirements and timeframes, ensuring that critical financial data is thoroughly analyzed, quantified, and presented in a comprehensive final report.
The field examination scope includes
Inventory
Payables
Preferential Creditors
Operating/Lock Box Accounts
Accounts Receivable
Financial Reporting
Insurance
Cash
Taxes
Step-by-Step Insights for Smarter Lending
Initial Consultation
What We Do: Collaborate with lenders to define the scope of the examination based on their specific requirements.
Benefit to Lenders: Ensures alignment with your objectives and tailored focus on key financial areas.
Data Collection
What We Do: Collect borrower financial data such as accounts receivable, inventory, and cash flow, either directly from the lender's systems or via borrower submissions.
Benefit to Lenders: Minimizes disruption to your operations while gathering actionable information.
On-Site Fieldwork
What We Do: Conduct on-site examinations to validate financial records, inventory, and other collateral, ensuring compliance with credit agreements.
Benefit to Lenders: Provides accurate, hands-on verification of collateral value and borrower compliance.
Analysis and Reporting
What We Do: Analyze the collected data using proprietary tools or lender systems, then prepare a detailed narrative report with findings and recommendations.
Benefit to Lenders: Offers actionable insights into risk factors and collateral quality.
Ongoing Communication
What We Do: Maintain open lines of communication with lenders throughout the process for updates and clarifications.
Benefit to Lenders: Keeps you informed at every stage, ensuring no surprises.
Final Delivery
What We Do: Present the final report, highlighting key risks, compliance issues, and opportunities for improvement.
Benefit to Lenders: Equips you with the tools to make informed, confident lending decisions.
Field Audit Sample
Experience the precision and insight of our Field Examination. Our comprehensive, data-driven reports provide lenders with clear risk assessments, tailored reporting, and actionable recommendations to strengthen lending decisions.
Request a sample audit today and see how our expertise can work for you.
Let’s Talk About Your Lending Needs
We are here to help you navigate the complexities of asset-based lending with clarity and confidence. Whether you are evaluating new opportunities or managing existing portfolios, our experts are ready to assist.