Integrated Management ServicesIf you are not familiar with Integrated Management Services, then you are truly missing out on an amazing achievement. Integrated Management Services is a minority-owned, Jackson-based organization founded and incorporated in 1996. IMS is owned by Dr. John D. Calhoun, President, and Mr. Rod L. Hill, Vice President, both of Jackson, Mississippi and both former graduates of Jackson State University. IMS' mission is to provide customers with the best in engineering expertise and services, with a total commitment to quality, responsiveness and integrity. Integrated Management Services is a company that is much more than just engineers. IMS deals with consultancy (IMS Consultants), professional training (IMS Tech) as well as engineering (IMS Engineers, PA). I'm going to primarily look at IMS Engineers, PA in this document. The information in this report comes from CEO/President, Dr. Calhoun and Fiscal Officer, Derrick Cannon.IMS Engineers primarily engages in infrastructure engineering with city, county, state and federal departments. It's a for-profit business that usually lets the work speak for itself. They also market their services through proposals and personal contacts. Resources come from fees received from services, and unless these services are performed effectively, they will not receive the correct amount. A profit is made if the work can be done more efficiently than expected. An example that he, Dr. Calhoun, gave me is where a project is expected to use 1000 hours of labor. If the project uses those 1000 hours or less, a profit has been made. Calhoun explained the problems and risks associated with the engineering market. He explained that the market has difficulty recruiting talent and adequately designing exactly what the client is looking for. He told me that: “A lot of the work done here has never been done before.” The risk involved in taking any job is making sure you can do the job. This is a risk in every field of business. When asked what audit risks he thinks the company faces, he says his biggest concern is that federal funds are properly accounted for and that they are accurate. Provided that IMS is timely in paying taxes and any questionable charges (entertainment, gifts, contributions, etc.).).