Our collateral audits will address some of your key concerns whether what you have secured your loans with, actually exists or is of the value you thought it was:

Accounts Receivable

  • How collectible are those outstanding receivables?
  • Do revenue recognition policies follow industry norms?
  • When is the company entitled to payment during the performance of a contract?
  • Are the numbers on the AR aging accurate?
  • Is all the AR being reported?
  • Do those customers exist?
  • How much of aging is bad debt?

Inventory

  • How fast is the inventory selling?
  • Is the inventory in sell-able condition?
  • Does all the inventory reported, exist?
  • Do the books represent the sell-able value of the inventory?
  • How is the inventory being safe-guarded?
  • What are the policies for recording inventory once purchased?

Property & Equipment

  • Does the reported property & equipment exist?
  • What controls are in place to protect the property & equipment?
  • When was the last time anyone has actually seen the property & equipment?
  • Is it all still in useful condition?
  • What is the current value of the property & equipment?