Harry Cendrowski
Officer
hc@cendsel.com
248.540.5760
Harry Cendrowski is a founding member and Officer of Cendrowski Selecky PC (CS). He is also a founding member of Cendrowski Corporate Advisors and The Prosperitas Group. Over his 30 year career, Harry has worked hand-in-hand with businesses, private equity and venture capital funds, attorneys, and nonprofit organizations to address their needs. He has helped businesses maximize their after-tax earnings by mitigating risks, resolving tax compliance issues, streamlining operations, and deterring fraud. He is a veteran of the private equity and venture capital industries, where he has implemented back and middle office operations and performed due diligence assessments of potential portfolio companies. In the legal community, Harry's experience has allowed him to serve as an expert witness in numerous economic damages analyses, contract disputes, lost profit analyses, business valuations, and partnership disputes. He has served as court appointed receiver for several multi-million dollar estates, and as the accountant to the trustee in high-profile bankruptcy cases. Together with other CS team members, Harry helped developed the UPREIT organizational structure that is now common in the real estate industry.
Harry is a Certified Public Accountant (CPA) in Illinois, Michigan, and Florida with Accredited in Business Valuation (ABV) and Certified in Financial Forensics (CFF) credentials, as well as a Certified Fraud Examiner (CFE), Certified Valuation Analyst (CVA), Certified Fraud Deterrence Analyst (CFD), and Certified Forensic Financial Analyst (CFFA). He is a member in numerous professional organizations including the National Association of Corporate Directors (NACD), Association for Corporate Growth (ACG), Illinois Venture Capital Association (IVCA), Michigan Venture Capital Association (MVCA), International Association of Consultants, Valuators & Analysts (IACVA), National Association of Certified Valuation Analysts (CVA), Association of Certified Fraud Examiners (ACFE), American Institute of Certified Public Accountants (AICPA), and the Michigan Association of Certified Public Accountants (MACPA), where he has served in various leadership roles. He is also a public-company Audit Committee Financial Expert and serves on the board of Birmingham Bloomfield Bancshares as Chairman of their Audit Committee, and is on the Michigan Advisory Board of The Private Bank.
Harry is co-author of Enterprise Risk Management and COSO: A Guide for Directors, Executives, and Practitioners; Private Equity: History, Governance, and Operations; and, The Handbook of Fraud Deterrence, all published by John Wiley & Sons. He has also authored articles in several professional publications, including a chapter in Computer Fraud Casebook: The Bytes that Bite, a textbook centered on fraud examination.
Along with Jim Martin of Cendrowski Corporate Advisors, Harry is a co-author of the Certified Fraud Deterrence Analyst training materials for IACVA. He serves as IACVA's Director of Fraud and Forensic Services. He is also a co-author of the training materials used by the National Association of Certified Valuation Analysts (NACVA) in certifying Certified Forensic Financial Analysts (CFFA).
Harry sits on boards of numerous nonprofit and charitable organizations. A passionate advocate for assisting families and children in need, Harry is an Advisory Board member of the Schiller DuCanto & Fleck Family Law Center at DePaul College of Law and an Active Trustee for La Rabida Children's Hospital. He is also a supporter of higher-level education and serves as the Chairman of the Madonna University Foundation, Vice Chairman of the Madonna University Board of Trustees, and as the Chairman of their Finance Committee and Investment Committees. Harry received a "Committed" award from the Association of Fundraising Professionals for his dedication to the educational community.
Harry received his Bachelor's degree in accounting from the University of Detroit (now University of Detroit-Mercy), and is an adjunct professor in their Business Turnaround Management program.
07.21.11 Harry Cendrowski and Walter McGrail author "Two Options for Tax Whistleblowers". The article compares whistleblower provisions of the Dodd-Frank Act with those contained in the Internal Revenue Code and demonstrates that, in most instances, tax whistleblowers will prefer to report issues to the Internal Revenues Service rather than the Securities and Exchange Commission.
12.01.10 John Alfonsi and Walter McGrail author "Taxation of Pass-through Entities". The article discusses income tax rules that apply to partnerships, multiple-member LLCs, S-corporations and, to some extent, REITs and RICs.
10.27.10 Harry Cendrowski and Adam Wadecki author "How Proper Incentives and Governance Create Long-Term Value." The article discusses the primary components of executive compensation plans, and the manner in which these components vary by the stage and maturity of an organization."
06.4.10 Harry Cendrowski and Jim Martin author "Proper Handling of Internal Investigations: Lessons from infoGroup" for the National Association of Corporate Directors (NACD). The article provides guidance for board members and audit committees regarding the conduct of internal investigations. It also provides detailed lessons learned from a recent SEC investigation of an audit committee chairman for his conduct in an internal investigation.
01.15.10 John Alfonsi and Walter McGrail author, "Partnerships and S Corporations: Not All Flow-Through Entities are Created Equal," in the January/February 2010 issue of The Value Examiner.