Field Examiner School


CFA’s Field Examiner School has been attended by a generation of field examiners and is taught by some of the most experienced and respected professionals in the field.

During this workshop, you will explore all aspects of field examination techniques by engaging in discussions of case studies and the challenges and situations encountered by course leaders during their careers. You will learn how to work more effectively with field examiners, to recognize the difference between good and the best, and to understand field examination reports in more depth.

This is an essential core component of professional development in the secured lending business and we look forward to you joining us.

For upcoming workshop dates, click here.

What you will learn

  • Financial statements / records / electronic data
  • Purpose of exams and role of the examiner
  • Accounts receivable systems, methodologies and ineligibles
  • Cash cycles, types of accounts and testing
  • Inventory cycles, valuation and ineligibles
  • Valuing, appraising and securing fixed items
  • Liabilities and exposure on accounts payable
  • Fraud: how to detect and respond
  • Examination efficiencies
  • Report writing

Who should attend

Program Level: Basic

Relationship managers, underwriters, lenders, new business personnel and field examiners with three months to one year of experience.

Search for program dates


- Objectives
- History / Trends
- Purpose of Exams
- Types of Exams
- Role of the Examiner
- Examination Steps


Examination Efficiencies
- AR Efficiencies
- Inventory Efficiencies
- Cash Efficiencies
- AP Efficiencies
- Avoiding Over-Examining
- Extrapolations

Financial Statements / Records / Electronic Data
- Financial information Flow
- Management Reports
- Financial Statement Considerations
- Unusual Postings
- Internal Controls
- Use of Electronic Data


 Report Writing
- Organization
- Content
- In the Field / In the Office
- Consider Your Audience
- Things to Avoid
- Provide Actionable Recommendations
- Proof Read
- Follow-up

Accounts Receivable
- Why Lend on A/R?
- Credit and Collection Systems / Internal Record Keeping
- A/R Lending Methodologies
- Advance Rate Considerations
- Necessary Reporting
- Eligible vs. Non-Eligible Accounts Receivable
- Testing


- Inventory and its Components / Definitions
- Inventory Cycles
- Valuation
- Lending Concerns
- Eligible vs. Non-Eligible Inventory
- Testing
- Insurance
- UCC filings

- Cash Cycles
- Types of Accounts
- Risk / Concerns
- Testing


 Fixed Assets
- Lending Considerations
- Ownership / Liens
- Valuations
- Appraisals

- Extent of Fraud and Abuse
- Detect and Communicate
- Sarbanes-Oxley
- Consideration of Fraud in a Financial Statement Audit



 Accounts Payable / Liabilities
- Lenders Concerns / Risks
- Testing of A/P
- Red Flags
- Other Liabilities / Hidden Exposure
- Taxes
- Notes Payable / Subordination
- Deferred Revenue
- Letters of Credit