Internal Control Consulting
Mitigate risk, maximize performance.
We deliver customized internal control solutions tailored to the specific needs of real estate public companies.
"The benefits of strong internal controls, including risk mitigation, performance optimization, and competitive advantage."
What is Internal Control
Internal controls are the policies, procedures, and processes implemented by a company to safeguard its assets, ensure accurate financial reporting, and promote compliance with regulations. For public real estate companies, robust internal controls are essential for maintaining investor confidence and navigating the complex regulatory landscape.
Benefits
Reduced risk of fraud and errors
Stronger investor confidence
Improved financial reporting accuracy
​Enhanced compliance with regulations (SOX, SEC)
Streamlined operations
Improved decision-making through better data integrity
Leverage deep industry experience
Led by a former EY Senior Manager with over 12 years of experience working on Real Estate Investment Trusts (REITs), our team understands the intricacies of the real estate public company landscape. We've witnessed firsthand the challenges faced by REITs in areas such as revenue recognition, lease accounting, and property valuations. This deep understanding allows us to design and implement internal control systems that effectively address these specific needs.
Areas of Expertise
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Revenue recognition
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Leasing transactions
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Property valuation
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Construction costs
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Debt management
Services Offered
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Internal control framework design and implementation
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Risk assessments
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Control gap analysis
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Testing of internal controls
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SOX 404 compliance assistance
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Training and ongoing support
Faulisi & Company CPAs LLP
Copyright © 2024 Faulisi & Company CPAs LLP
All Rights Reserved
Addresses
21 E Shore Rd
Manhasset, NY 11030
10124 99th Street
Ozone Park, NY 11416