Field Examinations


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.

case studies
                                    Company impacted by ransomware.
big problem:
Company impacted by ransomware.
big thinking:
Restore system on-site and avoid six-figure ransom.
                                    Inefficient tax credit realization.
big problem:
Inefficient tax credit realization.
big thinking:
Identified a $900,000 tax credit, nearly twice as much as prior years.
contact us

This site uses cookies to ensure that we give you the best user experience. Cookies assist in navigation, analyzing traffic and in our marketing efforts as described in our Privacy Policy.