Finance Credit Variance Checklist
Finance Credit Variance Checklist
Prepared by: [Your Name]
Date: [Current Date]
Review Period: [MM/DD/YYYY - MM/DD/YYYY]
Review each criterion and corresponding checklist items. Mark with a check in the first column for each item as it is accomplished.
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Criteria |
Checklist Items |
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Credit Report Discrepancies |
Verify consistency in credit scores. |
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Confirm accuracy of credit history and outstanding debts. |
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Financial Statement Variances |
Analyze changes in income statement figures. |
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Review variations in balance sheet entries affecting creditworthiness. |
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Payment History Changes |
Check for irregularities in payment patterns. |
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Assess any late payments or deviations from agreed-upon terms. |
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Credit Limit Adjustments |
Verify the reasons for any recent changes in credit limits. |
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Confirm that credit limits align with the financial standing of the entity. |
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Fraud Alerts and Suspicious Activities |
Investigate any flagged fraud alerts. |
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Review suspicious activities or discrepancies in credit-related data. |
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Regulatory Compliance |
Ensure adherence to local and international credit regulations. |
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Confirm compliance with internal policies and procedures related to credit practices. |
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Customer Communication Records |
Review records of customer disputes and resolutions. |
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Confirm the accuracy of information provided to customers regarding credit matters. |
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Market Conditions |
Evaluate the impact of economic conditions on credit assessments. |
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Consider industry trends and market dynamics affecting creditworthiness. |
Additional Comments/Notes
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[Upon reviewing credit scores, it was found that the information is consistent, reflecting a reliable representation of credit history.] |
