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VHMA Webinar: How to Safeguard Your Hospital Against Theft
VHMA Member Price: $0 and Nonmember Price: $30
Is your hospital vulnerable to theft, fraud, or embezzlement? According to the Report to the Nations on Occupational Fraud and Abuse: 2014 Global Fraud Study, the typical organization loses 5% of revenues each year to fraud and the typical episode from commencement to detection lasted 18 months.
This session will review practice vulnerabilities and common employee-theft warning signs. It will also discuss proper internal controls such as segregation of duties, having business bank statements mailed to the owners home address, and trading check-signing authority for multiple-owner hospitals, to name a few. You will learn how to establish proper internal controls to protect your hospital from being the next victim. Several real life examples will be reviewed that will stress the importance of being proactive no matter how well you think know your employees.
This session will review practice vulnerabilities and common employee-theft warning signs. It will also discuss proper internal controls such as segregation of duties, having business bank statements mailed to the owners home address, and trading check-signing authority for multiple-owner hospitals, to name a few. You will learn how to establish proper internal controls to protect your hospital from being the next victim. Several real life examples will be reviewed that will stress the importance of being proactive no matter how well you think know your employees.
Original Recording:
Thursday, April 26, 2018
1:00 PM-2:00 PM EST
Credit
CEU1:1.0
Description
Speaker: Beth Scott
Beth Scott is a director in Katz, Sapper & Millerís Business Advisory and Veterinary Services Groups. She has been with the firm since 2004. Beth advises clients in accounting, tax, and business matters and has extensive experience in tax planning, tax compliance, financial statement analysis, forecasts and projections, accounting systems implementation, and key performance indicator reports. As a member of the Veterinary Services Group (VSG), Beth provides hospitals with benchmark and profit-enhancement consulting to help increase their profit and practice values. In addition to the day-to-day management of one of the largest national veterinary benchmarking databases, Beth actively participates in speaking engagements and industry membership groups. Beth was instrumental in working with the American Animal Hospital Association (AAHA) and Veterinary Management Group (VMG) to combine their chart of accounts that was subsequently released to the veterinary industry in June of 2017.
