Financial Policies and Internal Controls For Your Organization
Ipsen Management Services creates the policies and procedures for your business
Business and Nonprofits alike have fiduciary responsibilities and the need for: - The establishment of financial policies, procedures and internal controls as they relate to accounting and operational needs - The improvement of internal controls that have since become outdated. - Prevention of fraudulent activity
Establishing financial policies and procedures prior to audit Correcting deficiencies noted in the auditor's report
Financial Due Diligence For Commercial Real Estate
Due Diligence reduces risk by ensuring the credibility of all parties. Investors that are proactive, routinely conduct due diligence investigations to verify information and uncover discrepancies such as material overstatements and unrevealed facts. This extra check ensures that everyone involved in the proposed relationship is accurately presented.
Many people misrepresent themselves and their intentions. For example, in order to secure a deal, a borrower may overstate its capabilities, inflate its assets, disguise its lack of financial stability, neglect to reveal past or imminent bankruptcies or even pending civil and criminal actions.
- Benefits include having the necessary and truthful information, removing the unknowns when making sound investment decisions. In today's economic environment it is important to know exactly what you're getting when you decide to lend or invest in a commercial real estate project.
- Ipsen Management Services (IMS) specializes in the prevention and detection of Financial Statement Fraud
- A CFE Can Help You to Avoid Acts of Misrepresentation and Earnings Manipulation. For example, in order to secure a deal, a borrower or seller may overstate its capabilities, inflate its assets, disguise its lack of financial stability, neglect to reveal bankruptcy as well as civil and criminal proceedings.
When do you Need a Certified Fraud Examiner?
- When preparing for an audit. - When you've been told your financial policies and internal controls are inadequate. - When faced with a limited amount of time to conduct your due diligence. - When requesting a loan - When you're buying or lending on a property. - When you suspect fraud.
What is a CFE?
The Certified Fraud Examiner (CFE) credential denotes proven expertise in fraud prevention, detection and deterrence. CFEs are trained to identify the warning signs and red flags that indicate evidence of fraud and fraud risk. CFEs around the world help protect the global economy by uncovering fraud and implementing processes to prevent fraud from occurring in the first place.
Jerry Ipsen, MBA is a Certified Fraud Examiner and has traveled internationally conducting due diligence on several real estate projects. In addition, Jerry spent more than four years as a Private Investigator and while in banking, originated more than $94 million in commercial real estate loan transactions. To his credit, Jerry has written $800 million plus in real estate specific business plans.
My practice focuses on working with business and nonprofits prior to and following financial audits as well as conducting a financial due diligence for commercial real estate. - Jerry Ipsen, CFE, MBA