DE's Business Lab: Why didn't my accountant find embezzlement?

Jan. 25, 2022
Dentists are encouraged to take financial matters into their own hands. But shouldn't our accountants be able to figure out if we're being embezzled?

I tackled my latest question about embezzlement head on. Should my accountant be able to figure out if I'm being embezzled? David Harris, CEO of Prosperident, the embezzlement experts, says it's harder for accountants to do than we realize.

In all industries, accountants uncover only 40% of embezzlement. When that's narrowed to just dentistry, it goes down to 6%. So while accountants have a very valuable function in your practice, uncovering embezzlement may not be one of them. You need to keep watch over your own financials. I know I will!

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