Stephen Pedneault, CPA/CFF, CFE

Accusing an employee of embezzlement is not something to do lightly. There's a lot of research a practice should do before pointing fingers at anyone. However, once you do confirm that an employee has been stealing, you want to make sure you don't do anything to jeopardize a case that could mean getting your money back.

Prevention and detection measures are critical to combating employee embezzlement, but to truly fight the risk of fraud the practice also must insure against potential losses.

Most people believe that if they cover the billing cycle from scheduling through collections, nothing further could happen within the practice's billing cycle. They couldn't be further from reality.