FINANCIAL INSTITUTION SERVICES

"FROM BANKS TO BORROWERS, WE PROVIDE THE ANALYSIS AND INTERNAL CONTROLS NEEDED FOR SMOOTH TRANSACTIONS."

Clemens W. Mueller, CPA

We utilize data extraction software which assists in the analysis and data manipulation of a variety of financial aspects. Our commitment to the banking industry includes but is not limited to the following services:

• Performing a physical inventory count
• Observation of the borrower’s physical inventory count
• Testing of inventory pricing by reference to supporting documentation such as vendor invoices
• For manufactured inventory, determining that labor and overhead costs have been properly calculated and applied to the inventory items
• Assistance in the determination of necessary inventory write downs due to inventory obsolescence or other reasons
• Verification of the existence of accounts receivable through direct confirmation with the borrower’s customers, review of subsequent cash receipts reflecting collection of receivables and/or review of other relevant documentation such as shipping records, customer orders, etc.
• Analysis of the collectability of accounts receivable through testing and analysis of accounts receivable aging reports, review of customer correspondence, discussion with the appropriate personnel, and analysis of bad debt history
• Procedures to determine existence and proper costing of equipment and other personal property that may serve as loan collateral

KatzAbosch also provides the following services relating to borrowers or prospective borrowers:

• Analysis of internal controls
• Assistance in the loan underwriting process, including procedures such as those indicated above for inventory, receivables and equipment prior to the granting of the loan
• Determination of compliance with financial covenants
• Due diligence procedures

Click to download our product sheet on Services for Financial Institutions.

For more information, please contact us at 1.800.989.6432 or info@katzabosch.com.