DAVID C. HUFF, CPA
David Huff is a CPA with over 25 years’ experience
in both industry and public practice. After an internship
with Ernst & Young, David began his career in the Atlanta
office of Arthur Andersen & Company. He also has
private industry experience, having served as Chief Financial
Officer for both a large national sales agency, and for a
fast-growing distribution company headquartered in Atlanta.
In his public practice as a CPA, through his affiliation
with MAG Mutual Healthcare Solutions, David serves a broad
range of medical practices across the Southeast, assisting
them with their accounting and tax needs. He also consults
with medical practices, physicians, and professional staff
in other areas, including practice valuations, fraud prevention,
practice management, and compensation planning. He
has served as an expert witness for clients, and speaks often
to industry and professional groups.
David has been very involved with the Institute of Management
Accountants, and is a Past President of their Atlanta Chapter.
He has authored several articles on business, social, and
economic issues for The Freeman, and has also been
published in the Atlanta Constitution and the Wall
Street Journal. He is a graduate of the University
of West Florida, and an instructor for the Becker CPA Review
Course in Atlanta.
MAG Mutual Healthcare Solutions, Inc.
A Member of MAG Mutual Group
7 Piedmont Center, Suite 601
3525 Piedmont Road
Atlanta, GA 30305-1578
Telephone:
404-842-5479
"Financial Controls for Your Medical Practice”
- Some real life examples and statistics
- Some signs to look for in your staff
- Some general signs to look for
- Common profile
- Common misconceptions
- The three ingredients – the most common recipe
for fraud/embezzlement:
- *Need *Opportunity *Rationalization
- How does fraud/embezzlement occur?
- How is it discovered?
The Moral: Good and Effective Internal
Controls Are Your Best Safeguard!
Some Common Fraud Tactics
- Check Tampering
- Expense Reimbursements
- Billing Fraud
- Increasing Write Offs
- Skimming/Lapping
Important Aspects of An Effective Internal Control
System
The BIG THREE:
- Segregation Of Duties
- Checks And Balances
- Physician/Owner Involvement
General Areas Of Controls
- Segregation Of Duties
- Adequate Employee Screening
- Prenumbering
- Cash Controls
- General Procedures
- Software Programs
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