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

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

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

how does our 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
Quickbooks audit trail fraud detections
Quickbooks Audit trail fraud software

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.

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 ServiceSingle Doctor2-4 Doctors5-9 Doctors10+ 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