- Executive Summary
Allen ABL Group, LLC (“Allen ABL Group”), a Maryland limited liability company, conducts new business, recurring, and workout examinations for financial institutions with asset based and cash flow commercial loan portfolios. The scope of the examination includes both compliance and substantive testing to ascertain the quality of a company’s internal controls and existence and valuation of the company’s collateral, which is pledged to a financial institution in order to secure a line of credit. Allen ABL Group was founded in 1998 by David W. Allen. Our experienced examiners are located in Maryland, Pennsylvania, North Carolina, South Carolina and Georgia. On a consistent basis, we supply our customers with an exceptional product that allows examination managers and credit officers to properly assess their credit risk based on the quality and existence of the primary collateral (accounts receivable and if applicable, inventory).
Mission Statement
In recent years, the financial and accounting reporting of private and public entities have come under greater scrutiny for their accounting practices. On the behalf of financial institutions, our firm conducts examination services for financial institutions in order to support the audit, credit and legal decision making process. We accomplish this objective by incorporating generally accepted auditing principles within the scope and guidelines of each specific examination as designated by either the lending institution or government regulatory agency.