ABSTRACT
OK, so in the hope you've got that out of your system - let's look at the practice.
Here are the basics:
1 Is all income routinely monitored? 2 Do the practice partners understand the accounting system? 3 Does the practice produce regular monthly management accounts and are
they formally noted and adopted by all the partners? 4 Is all the expenditure in the practice routinely monitored and always
authorised before the event? 5 If budgets, even nominal budgets, are cascaded, how can you protect
against careless overspending? 6 When items are procured, is a value for money (VFM) exercise always
followed?
