Thursday, September 15, 2011

613. Internal controls of a Vet Practice

All firms must have a robust and effectie system of internal controls that adresses financial, operational and compliance risks.

How does this apply to a vet practice? I can think of a few

FINANCIAL
Stock inventory and check on losses/pilferage
Usage of isoflurane and other drugs compared to caseloads

OPERATIONAL
Productivity of the vet - how much and how long is his or her operation?
Unnecessary use of tools e.g. swabs, sutures


COMPLIANCE
1. Microchip data to AVA
2. Rabies vaccine data to AVA
3. Controlled Drugs
4. Proper medical records
5. Advices to owners to be recorded

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