Incorporating Continuous Monitoring in High-Risk Areas within the Healthcare Setting
Tracks
Emerging/Advanced Topics
Specialized Knowledge
Tuesday, September 10, 2024 |
4:10 PM - 5:00 PM |
Speaker
Ted Flom
Sr. Marketing Manager
Armanino
Incorporating Continuous Monitoring in High-Risk Areas within the Healthcare Setting
Session Synopsis
Implementing continuous monitoring activities across the organization within high-risk areas. Thus, assists leadership with monitoring activity surrounding disbursements, purchase cards, and vendor master management in an effort to identify irregular activity or transactions processed in errors. Implementing continuous monitoring or auditing reduces compliance and financial risks, provides cost savings, and stops revenue leakage, facilities fraud detection and enhances control environments.
Biography
Ted has over 30 years of financial statement audit, internal audit and consulting experience. Prior to joining Armanino, Ted was the Partner in Charge of Brown Smith Wallace’s Advisory Services practice. He also spent more than 13 years with KPMG, where he was responsible for leading audit and advisory service engagements.
Ted has experience overseeing and managing engagements to evaluate and execute initiatives to improve business processes, systems and implementations, as well as overseeing and managing internal audit co-sourcing arrangements and assisting internal audit organizations with the development and execution of entity-wide risk assessments and audit plans.
He also led and managed internal control documentation, testing and remediation engagements as part of various regulatory compliance programs, including Sarbanes-Oxley Section 404 requirements. He managed and served as concurring review partner for SOC 1, SOC 2 and SOC 3 examinations for third-party service providers as well.
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