• Review of Financial Obligations Compliance

Review of Financial Obligations Compliance

A Company must usually comply with certain periodic financial obligations or covenants

as part of a loan contract. Often financial institutions will require that the company’s auditors verify their compliance calculations on an annual or trimestral basis.

In BDO Spain we can review the covenants certificate prepared by the company for the bank, together with the supporting records. Our work involves ensuring the certificate has been prepared in accordance with the stipulations in the loan agreement and issuing the relevant report.

We also perform reviews of forecasts for the future compliance of the agreed obligations and we give advice regarding the most suitable accounting policies.

  • Reported numbers guarantee.
  • Clarification regarding the future compliance of agreed upon obligations.
  • Assistance in negotiations.