What I find totally laughable in the CASA so-called processes is the AOCM financial assessment 'ideals' that CASA appears to think will 'reveal all' about the AOC applicant. What's got me more than a little concerned is that the assessment appears to be limited to analysis to be performed by a Senior Risk Assessor.
Oh really? So, presumably (if the AOCM procedures are followed) those Senior Risk Assessors persons perform THE financial analysis based on the cashflow projections and the (preferably) audited financial statements of the applicant?
I wonder if folks at CASA who dreamt up the AOCM procedure have had a good look at the way that many financial statements are presented these days, and the fact that some are all but incomprehensible to anyone who is not a highly trained and expert financial 'specialist'.
I also wonder what sort of analysis these so-called CASA Senior Risk Assessors perform on the various balance sheet ratios that you'd
normally expect them to look at? In fact, I wonder if the so-called Senior Risk Assessors have been provided by CASA with
specific training to actually understand specific balance sheet ratios and the financial meaning that they convey?
Probably not.
