Hiltz & Associates Blog

Fraud, Embezzlement and Risk in the Dental Office

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Tip #12 • “My CPA will find fraud or embezzlement at Year End”

An alarming number of dentists have confidence that their “year-end” statement preparation will detect employee fraud.   This confidence is overstated as many common dental office frauds will bypass the accountant’s radar screen.   Most accountants prepare “review” or “compilation” services at year end for the dentist. A “review” engagement is usually requested by a […]

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How to Calculate an Advisor’s Trustworthiness

We want trusted advisors to help us with our most pressing problems. There are many types of “advisors”; Personal advisors, business & legal advisors, work-life advisors and so on  – in fact the list of advisors seems almost endless. How do you assess whether the person you are dealing has what it takes to be […]

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#11 • How to stay sane when your dental office computers are down.

This is #11 in our series of #TIPS intended to help you manage fraud, embezzlement, waste, abuse; and help keep your practice safe.  This post discusses how you should plan for the inevitable day when you come to work and the “computers are down” Don’t leave yourself and your patients in a lurch when your […]

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#10 • Understanding Dental Embezzlement Red-Flags

This is #10 in our series of #TIPS intended to help you manage fraud, embezzlement, waste, abuse; and help keep your practice safe. This post discusses some of the red-flags of employee dishonesty and how to interpret and evaluate them. Let’s start with a summary of the key points: A “red-flag” is an indicator of […]

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#9 • How employees steal from a dental practice.

#9 in our series of #TIPS intended to help you manage fraud, embezzlement, waste, abuse; and help keep your practice safe. This post discusses some of the schemes used by employees to steal from a dental practice. These methods are not specific to dentistry, nor do they require cunning skill and intellect to perform. I […]

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#8 • My practice is “gone”! Planning for disaster.

#8 in our series of #TIPS intended to help you manage fraud, embezzlement, waste, abuse; and help keep your practice safe. It may be a fire, flood, theft, willful destruction, or maybe an unexpected car through your front desk. If it happens, a bit of advance planning will go a long way to reduce your […]

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#7 • Enforce Usernames & Passwords

#7 in our series of #TIPS intended to keep your data secure, and help manage fraud, embezzlement, waste, and abuse in the practice. Practice Management Software Your Checklist: ensure all employees have a unique username and password. make sure User Access control is properly defined and configured in your software. check that you (the practice […]

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#6 • Examining your dental practice’s monthly bank statement

#6 in our series of #TIPS intended to help you deal with fraud, embezzlement, waste, and abuse in your dental practice. “The Monthly Bank Statement” Depending on how your banking arrangements are set up, you may receive your “Monthly Bank Statement” in the mail, or download it using your online banking. Here are a few […]

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