| Horn & Associates, Inc. | |||||||||||||||
|
| Frequently Asked Questions |
|
What are recovery audit services? How is Horn & Associates, Inc. compensated for its work? Isn’t a routine internal audit sufficient? Do all types of companies benefit equally from recovery audit services? Doesn’t an outside probe pose a threat to A/P management and staff? Q. What are recovery audit services? A. With Horn & Associates, Inc. staff of highly trained specialists and our own industry leading software tools, overpayments have been identified resulting from common situations such as duplicate payments, open credits, pricing issues, rates, fees, discounts, and many others. Once these overpayments have been identified, they can be recovered from the supplier who received the overpayment. Q. How is Horn & Associates, Inc. compensated for its work? A. Horn & Associates, Inc. operates solely on a contingency basis. If no money is recovered, the Agency pays no fee. Q. Isn’t a routine internal audit sufficient? A. Due to our expertise in this area and in interrogations of large data sets and our method of compensation, no one is more effective or more motivated than Horn & Associates, Inc. to find overpayments to your suppliers. And of course, Federal Recovery Audit Legislation mandates a recovery audit. Q. Do all types of companies benefit equally from recovery audit services? A. Recovery audit services deliver the greatest benefits to agencies with large numbers of transactions for large dollar amounts and normal or higher employee turnover rate. Combine the above with the government’s effort to reduce costs, which effectively cuts the time for review of each item, and you have a situation that makes recovery audit services especially productive. Q. Doesn’t an outside probe pose a threat to A/P management and staff? A. Not at all. Overpayments are almost inevitable in large organizations and are not a negative reflection of an Agency’s systems or processes. By allowing outside professionals to perform the audit at no risk to the company, Executive Agency management maximizes the cost effectiveness of operations. It is very difficult to criticize a staff that functions at 99.7% to 99.9% accuracy rates. |
| 2003 Horn & Associates, Inc. |
|