Asset Testing

Collateral verification requires a CPA well versed in your profession and in auditing. We provide that background. Our professionals will examine and test the validity of the receivables and/or inventory collateral supporting outstanding loans.   

• Receivable Supported Loans. We assess the accuracy of the outstanding receivables supporting the loan by testing the details provided to us including accounts receivable aging, subsequent cash collections, etc., as well as the revenue recognition process.
• Inventory Supported Loans. Our professionals will physically inspect the inventory on a test basis and examine the costing processes used to determine asset values. We will also analyze inventory turnover ratios.

Value Priced Engagements

We provide value priced collateral verification procedures ranging from $1,200 to $3,000 per engagement. Our pricing is a reflection of our experience with these specialty engagements combined with our efficient testing processes. BIK & CO offers the right blend of experience and efficiencies to help your organization meet your budget requirements.