Our credit review and asset valuation approach is designed to minimize business and audit risk associated with your loan portfolio in the following ways:

• Our credit review approach places heavy emphasis on thorough planning and management involvement to ensure the timely identification of key credit and valuation issues, and resulting reporting strategies.
• Our client acceptance permits relationships only with clients whose management has a high degree of integrity and competence.
• We are staffed at the proper level of experience in relation to the complexity of the client engagement.

The credit review and asset valuation process involves planning an overall strategy for the expected conduct, organization, and timing of the work.

We must first obtain a broad and deep understanding of the nature of the organizations loan portfolio in order to understand the risks, loan segments, economic impact and overall impact to the Allowance for loan loss. Our understanding also encompasses relevant industry, regulatory and other external factors. We seek to understand the organizations objectives and strategies, along with the related business risks that may result in material misstatement of the financial statements. We gain an understanding of the policies and procedures management uses to measure and review credit and financial performance in order to better understand how management monitors these risks.

We consider whether the organizations credit monitoring process and application of accounting policies are appropriate and consistent with generally accepted accounting principles. We obtain an understanding of the entity’s policies for presentation and disclosure in the financial statements.