Cash Collections, Security and Recording Review Audit Work Program (Healthcare)
Our Cash Collections, Security and Recording Review Audit Work Program (Healthcare) outlines a systematic approach for planning and executing an audit, starting with defining the scope to include procedures for cash security, recordkeeping, check handling and customer receipts. The program emphasizes the importance of understanding cash collection policies and procedures across various high-volume locations such as clinics and pharmacies. Auditors are guided to review internal controls concerning petty cash, change funds, cash-box security, check acceptance and cash receipts logging.
The work program includes steps for conducting entrance meetings, setting communication protocols, and performing tests like spot checks and test counts to verify petty cash balances. It stresses the need for secure cash handling, limiting access to cash boxes, and ensuring proper segregation of duties. Additionally, the document provides instructions for drafting and issuing audit reports, seeking management's response, and validating report accuracy. This audit work program serves as a vital tool for ensuring that healthcare organizations manage and protect their cash collections effectively.
Project work steps include:
- Conduct an entrance meeting.
- Restate the scope and timing of the audit.
- Establish a schedule for status meetings and communication protocols.
- Provide customer satisfaction forms and discuss expectations.