When Mark, an experienced banker, received the 2015 year-end financial statements for Amped Up, an electrical subcontractor, he felt like something wasn’t quite right. Inventory had grown substantially over the last three years and the company’s profit margin had deteriorated. Additionally, the borrower had nearly maxed out its $1 million line of credit.
Gain Valuable Insight With an Agreed Upon Procedures (AUP) Engagement
Posted by bgoricki on Oct 25, 2016 2:57:13 PM
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Topics: agreed upon procedures, Commercial Lenders, Commercial Lending, Uncategorized