Page 9 - Brook-Hollow Due Diligence Package

Ta ble o f C o nt e nt s

01

W HY IT W ORKS

The Why it Works white paper answers common questions we receive from clients, such as “why does the Brook
Hollow program work? How does it work? Why is the assignment company in Ireland?” It could have been three
separate articles, but we combined it into one.

The white paper also provides a comprehensive discussion of the safety of KACL and its assigned assets.

02

G R ANT T H ORNT O N A U D IT DESC RIPTI O N

Strict Irish government regulations require an annual independent third party audit of financial institutions.
Kenmare is no expception. Kenmare is audited by Grant Thornton, the 6th largest CPA firm in the world. The
annual audit confirms and ensures, among other things, that Kenmare has the assets required to meet its future
payment obligations to the attorney/payees, i.e., the assets 1) exist and 2) are invested in a manner consistent with the
investment policy statements of each attorney fee, so that the contractually obligated payments to attorney/payees
can and will be made.

The audit description provides a detailed scope of Grant Thornton’s audit and the thoroughness of the annual audit
procedures. This is a good read.

Of special note is the transparency of Kenmare to its clients and potential clients—an important and powerful point
of differentiation in the deferred attorney fee marketplace.

03

2018 A U D IT & FI N AN CIA L S T A T E ME NT S
( G R ANT T H ORNT O N )

As titled, this is the actual 2018 audit of Kenmare performed by Grant Thornton, not a summary or brief
description. Note Kenamre’s solid financial performance and solid growth through the years, proving KACL as a
reliable provider of attorney fee deferrals for years to come.