Engaged by 255 Finance, an organisation which provided funding to third party financiers, we prepared an independent accountant report on the effectiveness of the company's key controls.
We undertook a review of the source documents including loan agreements entered between the parties and documented our factual findings pertaining to the third-party financier’s processes and compliance with lending paraments and highlighted any identified risks/issues, facility breaches; testing of key controls around loan approval and funding (e.g., credit checks, AML/KYC procedures), and repayment/collections processes; and assessment and critical evaluation of the party’s processes and areas requiring improvement against the marketplace.
