The professionals at eCPA know how to best secure your assets and minimize any risks. For individuals and business owners, risk is everywhere. A financial and/or business risk assessment can identify areas where you might be vulnerable, allowing you time to make necessary course corrections. Fortunately, the same assessment can reveal your strengths as well as new income producing opportunities.
Protecting Personal Assets
A risk is a situation that could cause serious damage to your financial future. An individual risk assessment would evaluate your personal assets and any protections they might require. Are you a home owner? Do you own a rental property or invest in real estate? Are you a small business owner? Do you have an investment account or cash savings? Who has access to your financials? Are you vulnerable to fraud or identity theft? eCPA can recommend protective measures such as estate planning, trusts, LLCs, controlled access and appropriate insurances. We also might advise that you establish some simple internal controls involving any personal financial accounts and recordkeeping. For individuals with investments, it is important to understand current valuations and plan for future expectations of return. Your personal financial risk assessment will help quantify the value of your assets, determine how they might change and allow you to take steps now to better safeguard them in the future.
Risk Assessment & Asset Protection for Businesses & Organizations
A thorough assessment of your company's operations, human resources, information technology, facilities, sales effectiveness, financial systems, controls and risk will reveal what is and is not working and where your assets are vulnerable. Employing proven accounting practices, we'll help you set up internal controls such as standardized documentation, controlled access, asset tracking, double entry accounting, physical asset audits, duty separation and approval authorities. Effective internal controls also require regular review of statements, account reconciliations and payment records. Utilizing your company's financial data, we will help you monitor trends and changes in your financial reports to project and plan for both desirable and undesirable outcomes. For everyone, the prevalence of fraud is increasing, while the threat of fraud is evolving. Individuals, businesses and organizations of all sizes are affected and fraud losses are not restricted to any particular demographic or business sector. Having systems and procedures in place to prevent, detect, investigate and respond to fraud will reduce your exposure to risk. We can help you establish robust steps to deter fraud and make it less attractive to commit. If you suspect fraud, as Certified Financial Forensics accountants, we will detect, investigate and help you manage through the issues. When disputes arise between individuals or in business, they are often the subject of complex financial issues. Disputes might involve breach of contract, product liability claims, business valuations, economic damages, lost earnings, post-acquisition disputes or hidden assets in a divorce. As CFF accountants, we conduct independent assessments to obtain, analyze, quantify and report on these complex issues, supporting you or your business through all phases of a dispute. Should disputes require mediation or litigation, or in criminal matters, eCPA can investigate and provide factual presentation of related economic issues. We sometimes act as a third party to facilitate mediation to reach reconciliation, settlement or compromise. Applying our accounting expertise to legal issues, we prepare individuals, businesses and attorneys for mediation and litigation by conducting fraud investigations, assisting in civil and criminal investigations, writing expert reports and testifying as an expert witness in the courts. Securing your assets and minimizing risk guarantees you'll be better prepared for strategic decision making, better equipped to recognize future risk and better positioned for growth.
