Establishing Policies to Prevent Fraud for a HealthCare Company

Foodman CPAs helped us establish a code of conduct, a formal internal audit department, an anti-fraud policy, and an employee fraud training program. Best investment we ever made!

Our health care company discovered occupational fraud in the billing area. We knew that we needed to implement strong anti-fraud internal controls as a deterrent. In addition, a prevention and detection mechanism against fraud was of the utmost importance.

As business owners, we needed to justify the business expenses associated with the implementation of fraud prevention and detection programs.

Foodman assisted us with understanding the losses experienced by other victim organizations and how these losses looked with and without fraud control processes in place. We quickly realized that mitigating against defalcation is a very worthwhile investment.