ACMPE Board Certification Practice Exam

One of the three primary objectives of internal controls in a medical practice is to safeguard assets and ensure compliance. Internal controls are essential for protecting the practice's resources against loss, theft, or unauthorized use. This involves implementing procedures and policies that ensure that assets such as cash, equipment, and patient data are properly accounted for and secure from any form of misappropriation.

Additionally, internal controls help ensure compliance with various regulations and standards in healthcare, which is critical for maintaining the integrity of the practice and avoiding potential legal issues or penalties. By implementing these controls, practices can maintain trust with patients and stakeholders while promoting operational efficiency and reliability.

The focus on safeguarding assets and compliance underscores the importance of reliable internal processes in maintaining a health practice's overall stability and integrity.