Healthcare organisations must operate from a position of financial integrity. Poor internal controls can put patients’ well-being at risk. Healthcare organisations must be able to assure key stakeholder e.g. industry and government regulators, that they are solvent and trustworthy.
Our renowned assurance practice combined with our deep knowledge of the health industry and its specific compliance and reporting requirements, enables us to assist clients in developing effective controls over their financial reporting in an efficient manner by providing an independent opinion on their financial statements.
We assist clients by providing the following services:
We conduct statutory annual audits for more public and private hospitals than any other audit firm in Ireland. Our audit engagements are underpinned by our deep healthcare industry knowledge, wide international experience and global network of skilled professionals. In addition, we also provide advice on healthcare specific financial accounting issues.
For healthcare organisations concentrating on reducing ‘the days outstanding’ to reduce working capital needs and bank borrowings, the process of tracking, identifying and reconciling payables and receivables is crucial. We work with such organisations to analyse and, if necessary, re-engineer, their accounting procedures and administration policies to better manage their payables and receivables.