Field Examinations

PRIMARY CONTACT: Joel Rosenthal CPA, CVA (Pittsburgh)

Schneider Downs has extensive experience in performing field examinations for financial institutions. We have performed examinations related to both new and existing credit facilities.


Based on our broad experience providing services for numerous enterprises, both large and small, across a broad spectrum of industries, we are able to quickly grasp the important financial drivers and collateral issues as they relate to your borrowers. We are able to assist you with designing appropriate procedures to address the issues and risks that face lenders.

The programs we have executed include client-specific programs developed in collaboration with lenders, as well as lender-designed field examination templates.

Our goal is to provide you with quality information in an extremely timely manner. Our report will include the results of our procedures, as well as business insights and recommendations to help you manage your portfolio.

Some examples of field examination procedures that we typically perform include:

  • Verify A/R balance verification
  • Review cross-aging and ineligibles review
  • Verify floor plan
  • Conduct detail review of cutoff 
  • Review inventory verification procedures
  • Review trade payable agings
  • Review for unrecorded liabilities
  • Verify that taxes are being paid in a timely manner 
  • Tie supporting ledgers to financial statement balances
  • Review general ledger for unusual items 
  • Complete ratio analysis
  • Examine sales dilution
  • Review the Borrowing Base Certificate 


We know that field examination procedures should be industry-specific in order to address lender concerns, and we have performed field examination procedures related to borrowers engaged in the following industries:

  • Automobile dealerships
  • Construction
  • Manufacturers
  • Natural resources
  • Building materials 
  • Professional services
  • Real estate
  • Retail establishments
  • Wholesale distribution 

Our services are designed to be the most effective for your specific situation. In providing these services for you, we approach our assignments by understanding your concerns, looking at the situation through your eyes and executing accordingly.