Lowell Douglas Limited provides audit and advisory services to financial institutions and their borrowing customers within the Asset Based Lending (“ABL”) industry in Canada and the USA. We understand that field audits and surveys in the ABL arena are specialized and centered on specific risk management objectives, and we work with our clients in all major industries to ensure that audit and advisory results are complete, timely and accurate regardless of size or complexity.
We customize our audits and our fees to fit the client and the loan facility. Years of experience give us the ability to adapt our work in the field and respond to events and issues as they arise. We are conscious of the sensitivity clients have toward audit fees and focus our attention on efficiency and effectiveness by controlling costs and providing high value to everyone that works with us. Whether we are auditing a single facility of $2 million or a distributed facility in excess of $1 billion, our focus on value is constant.
Our working relationship with several ABL lenders allows Lowell Douglas to go beyond basic audit techniques (where appropriate) and to provide advice to financial institutions and their customers in order to improve the overall audit results as well as the ongoing monitoring processes. Our Company has advised several financial institutions on improvements to their existing audit programs and we have managed the change process to ensure that our customers are meeting or exceeding established industry standards. Some borrowers have asked Lowell Douglas to identify ways in which they can improve their use of an ABL facility and we have worked with them (with the knowledge and permission of the lender) to upgrade reporting systems, streamline inventory management systems and improve the administration of receivables.
Lowell Douglas stands prepared to assume full responsibility for the entire audit process from our clients. Through close coordination with lenders, we aim to remove as much of the audit burden from our clients as they wish to cede to us.