Case Studies
J.S. Held Acquires Clark Seif Clark, Strengthening West Coast Capabilities for Environmental Claims, Disputes, and Catastrophe Response
Read MoreA bank was concerned about certain transactions between a borrower and some of its customers, including companies owned by the borrower’s wife. The bank questioned the borrower’s overall financial position and the reliability of its borrowing base calculations.
We were engaged by the bank to conduct a forensic analysis of the borrower’s books and records to identify any undisclosed issues in the financial statements and borrowing base.
Our experts researched questionable operating procedures at a bank client’s borrower, which inflated the company’s borrowing base, resulting in an over-advance. We identified the following issues by analyzing the company’s inventory procurement, sales, and cash transactions; our findings enabled the bank to make an informed decision about its $40 million loan commitment:
Obstacles & Our Solutions
David Stapleton, CPA, CLPF
Senior Managing Director
Strategic Advisory Practice
+1 213 235 0601
[email protected]
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