VHMA WEBINAR: How to Safeguard Your Hospital Against Theft
Thursday, April 26, 2018
1:00 PM - 2:00 PM EST
This webinar is free to everyone.
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 owner’s 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 you know your employees.
Learning Objectives:
- Identify common warning signs of employee theft.
- Identify practice’s vulnerabilities to theft, fraud and embezzlement.
- Establish proper internal controls to prevent theft, fraud and embezzlement.
Speaker: Beth Scott, CPA
Beth Scott is a director in Katz, Sapper & Miller’s 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.
This webinar is free to everyone.