Who should come in periodically to audit the medical practice's finances and bookkeeping practices?

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Periodic independent verification of the practice’s finances and bookkeeping is best done by an outside accountant. This external auditor provides objectivity and professional scrutiny, helping to catch errors, ensure compliance with accounting standards, and uncover potential fraud. The credibility of financial statements improves with an independent review, which is especially important for lenders, payers, and regulators. An internal auditor, while valuable for ongoing controls, is part of the practice and may not offer the same level of independence or external credibility. A financial consultant aims to advise on finances, not regularly audit records. A certified public accountant is a credential for an external reviewer, but the emphasis here is on independence from the practice to ensure an unbiased assessment.