Dental Law - What You Need To Know
Dental Law - What You Need To Know
A summary of what every dental practice owner should know and implement in the day to day operations of their practice.
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The Department of Labor Audit Selection

The Department of Labor Audit Selection

4/3/2018 5:59:14 AM   |   Comments: 0   |   Views: 118
An audit is an in-depth review of an entity's performance to analyze the administration of funds and to examine the status of projects in terms of intent and expectations. The U.S. Department of Labor regularly conducts audits in three specific areas:
                            
  • compliance with laws and regulations
  •                         
  • economy and the efficiency of operations
  •                         
  • efficiency of achieving results 
TYPES OF AUDITS:

The U.S. Department of Labor conducts and supervises the following audits:
                            
  • financial audits - an in-depth analysis of financial statements to determine whether or not those statements fairly represent the financial reporting
  •                         
  • performance audits - examine the program effectiveness and results, internal controls, and legal compliance of the entity
  •                         
  • attestation engagements - review specific content matter or management cases
AUDIT SELECTION:

According to the U.S. Department of Labor, audits will be prioritized according to:
                            
  • statutory and regulatory requirements
  •                         
  • the sensitivity of an organization, activity, or function (including susceptibility to fraud, waste, and abuse)
  •                         
  • new or changed conditions
  •                         
  • the dollar magnitude and the federal resources involved
  •                         
  • results of prior audits, reviews, and evaluations
  •                         
  • agency and Congressional requests

OBERMAN LAW FIRM 

Stuart J. Oberman, Esq handles a wide range of legal issues for the dental profession including cyber security breaches, employment law, practice sales, OSHA, and HIPAA compliance, real estate transactions, lease agreements, noncompete agreements, dental board complaints, and professional corporations.
 
For questions or comments 
regarding this article 
               please call (770) 554-1400 
           or visit www.obermanlaw.com
 
 Email Emily Calvert at emily@obermanlaw.com to hear Stuart J. Oberman, Esq speak at your next event.

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