How to use the audit and inspection process as a tool confirm asset security and increase or, decrease Risk appetite :

Audit Scope

• Asset Finance

• Block Discounting

• Asset Based Lending - Invoice, P&M, Stock and Property

Audit documentation

• Asset Finance

• Block Discounting

• Asset Based Lending

Audit calendar

• Frequency based on value or quality ?

Who performs the Audit ?

• Risk

• Ops

• Portfolio

• Sales

Rental companies

• Pre audit

• Asset Verification

• Utilisation

• Financial overview - including bad debt review

• Management and market review

• Funding panel

• Cashflow headroom

• Collateral coverage

Large Asset Finance exposures

• Asset verification

• Financial overview

• Management and market review

• Funding panel

• Cashflow headroom

• Collateral

Billing and Collecting Mandates

• Portfolio performance

• Rescheduled agreements

• Early settlements

• Financial Review

• Management and market review

• Transferability

Reporting

• Open audit issues