Due Diligence

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IPSEN DUE DILIGENCE

Jerry Ipsen, CFE, MBA

Fraud Prevention Training,

Quarterly Reviews, and

Investigation for Churches

What to Know and Look for
Learn Ways to Prevent Fraud

Financial Fraud Investigation and
Quarterly Reviews / Audits

"My ministry is to stop those

who would harm the church

for financial gain."

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Churches

Fraud Prevention Training

Quarterly Reviews

Investigation & Litigation Support

Investigating

Suspicions of:

Money Laundering

Embezzlement

Affinity Fraud

Wire Fraud/Ponzi

Misappropriation

ABOUT/SERVICES

Jerry Ipsen, is a member of a local area Christian church and is a Certified Fraud Examiner with an MBA in Finance and service as a Marine Corps Officer. Jerry is also a published author who along with Christopher Kelly, authored "Keeper of the Money Bag" an article on church fraud, that was published in the Institute of Internal Auditors Fraud Magazine, back in December of 2021.

Ipsen Due Diligence assists churches and seminaries through fraud prevention training and consulting by introducing them to the seriousness of fraud; how to recognize it, detect it, and prevent it from happening in their church or organization.

Part I: Collections and Cash Management for Churches

· Fraud Can't Happen Here / Fraud Myths

· Church Frauds

· Who Would Do Such a Thing?

· The Responsibility of Good Stewardship

· Collections

· Cash Management

· The Warning signs of Suspicious Activity

Part II: Financial Management for Churches

· Church Policies

· Internal Controls

· Check Handling

· Computer Security

· Financial Statements / Reconciliation

· Legal Considerations

· Fidelity Bonds and Employee Dishonesty Insurance

What does the Bible say:

Stewardship:

The Bible emphasizes the importance of being good stewards of God's resources. This means managing church money wisely and responsibly. For example, 1 Corinthians 4:2 says, "Moreover, it is required of stewards that they be found trustworthy."

Transparency and Integrity:

The Bible encourages honesty and transparency in financial dealings. In 2 Corinthians 8:21, Paul writes, "For we aim at what is honorable not only in the Lord's sight but also in the sight of man." This implies that church finances should be handled in a way that is above reproach and open to scrutiny.