Audience
Healthcare providers and organizations interested in a medical practice employee fraud detection solution to prevent fraud
About CPA Fraud Detection Service
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. 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.
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Pricing
Starting Price:
$1,400 one-time payment
Integrations
No integrations listed.
Company Information
MedCXO
United States
medcxo.com/fraud/
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Product Details
Platforms Supported
Cloud
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In Person
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