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What does IPACE stand for?
Integrated Procedures and Compliance Execution
Internal Procedures and Controls Excellence
Integrated Process and Controls Excellence
Internal Process and Controls Execution
Who is responsible for the effective operation of internal controls?
Expenses not included in the list of petty cash expenses and those that exceed the spend limit should not be allowed.
To whom shall month-end PCF reports be sent?
Petty Cash shortage should always be investigated while Petty Cash overage is automatically considered additional revenue or income.
How often should ORCS be reconciled with Treatment Report and deposit slips?
It is better for actual cash to be more than the cash receipts recorded in the ORCS than for actual cash to be less than the receipts recorded in ORCS.
Which is allowed in our EPO policy?
Selling of EPO injections to non-FKC patients
Administration of multiple EPO injections to one patient in one day (if with Physician's order)
Storage of EPO injections bought by patients outside FKC in the clinic refrigerator
Selling of EPO injections to potential FKC patients
If a patient expires and his/her guarantee letter has not been fully consumed, we can disburse the remaining amount to the patient’s relative as long as the relative provides us a formal letter request.
When should we operate internal controls?
When there is an audit
When told to do so by the Operations Manager
When we feel like doing so