CPA Fraud Detection Service

Medical practice employee fraud detection services

Do you have a medical practice that is at high risk of fraud?

• Do you have an office manager than runs payroll without supervision?
• Are you in control of the checks that are written?
• Are all the pay functions done by one person in your office?
• Do you open all the mail yourself?
• Call A CPA Now  404-662-3318
• Free consultation
• We use straydot.com for employee fraud detection software

Have a CPA run a proprietary data mining review
to help identify patterns of employee fraud

Call a CPA Today for Free consultation
404-662-3318

Email us now at contact@medcxo.com

how does our Employee fraud detection and analysis software detect fraud?

• Benford’s law to detect patterns of inappropriate disbursements
• Searches Quickbooks or other bookkeeping software audit trail reports for unusual actions such as voids and deletions.  
• Identify multiple payments for the same amount on the same day
• Reviews payroll runs for payments in excess of salary or hourly rate
• Find payments issued on non-business days
• Calculations of statistical parameters to identify outliers that could indicate fraud
• Test for duplicate payments
• Review accounts payable vendor files for similar names
• Check for fictitious vendors
• Compare vendor and payroll addresses
• Z-Score and relative size factor test

Fraud facts from the Association of Certified Fraud examiners:

• • Data monitoring and surprise audits are correlated with some of the largest reductions in fraud loss but only 37% of all organizations employ these controls.
  • The median loss of a business with less than 100 employees is $200,000. Small business has fewer resources to detect and find fraud.
  • Lack of controls accounts for 42% of frauds at small businesses.
  • Check and payment fraud is 300% more likely is a small business compared to a large business.
  • Click here to see out employee fraud software and how it works

Practice Size

Analysis	Single Doctor	2-4 Doctors	5-9 Doctors	10+ Doctors
Benford’s Law
Z-Score
Duplicate vendors
Similar vendors
Fictitious vendors
Vendor/employee cross-check
Non-business day transactions
Under-cutoff amounts
Relative size factor
Quickbook audit trail
Cost	$1,400	$2,200	$4,400	$6,000

Additional Service	Single Doctor	2-4 Doctors	5-9 Doctors	10+ Doctors
Audit trail review of Payroll service	$400	$750	$900	$1,200
Credit card statement review	$500	$938	$1,125	$1,500
Employee survey regarding knowledge of fraud	$100	$100	$100	$100