An Independent Business Review – or IBR – is a process usually initiated by a bank or other lending institution should they have concerns over the financial position of an existing or prospective borrower.

It is often required when an outside party, usually a secured lender or funder, believes that a company or group of companies is showing signs of entering a distressed or insolvent state.

Independent Review and Verification

Independent reviews provide a credible, objective assessment of key decision points during the lifecycle of a facility, from acquisition or concept, through design and operation, to modifications and decommissioning. We are regularly engaged by facility owners and operators, equipment suppliers, and insurers, in many industries, to provide independent review and verification.

Whatever the objectives of the review, we bring a positive approach.  We work with the client in a collaborative and constructive way, to take a fresh, impartial look at critical risk issues. We offer recommendations to improve performance or reduce risk.

Our Services include:

• Developing assessment and audit strategies
• Desktop technical assessments, peer reviews, and site audits
• Periodic reviews and revalidations
• Due diligence for acquisitions, mergers, and business ventures
• Identifying technical weaknesses
• Identifying where practices deviate from procedures
• Identifying conflicting attitudes at different organizational levels
• Ranking identified risk exposures
• Developing plans for improved management control
• Supporting implementation

Independent reviews are used between audits, or in place of audits for smaller companies. They are quicker, and when using an outside accounting firm for a review, less costly. It is a more accessible and affordable option for many smaller companies – though not a replacement for an audit if audits are required by statute and company law regulations).

How will RK Associates help you in Independent Reviews?

In addition to being a well-known organization for Advising & Auditing, we have an experienced and well-qualified advisory team that gives independent reviews about business/company/product by which if a company want to buy any product/company/business. Whether a Company/Product/Business is National or International. They will know the exact possibilities about that Company/Product/Business before any action on their end.