We understand the specialized markets in which you operate and provide tailored solutions to meet your unique business needs.
Our comprehensive suite of business services combines industry expertise, market knowledge and professional insights.
MNP is a leading national accounting, tax and business consulting firm in Canada.
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MNP careers are Different by Design. As an entrepreneurial firm, we truly believe there are no limits to where your career can go.
Many professionals are concerned about the health of their clients – but what about the health of your business? We offer a full suite of forensic, risk management, regulatory compliance and operational effectiveness services to help give your practice a ‘health check’. We work with you to implement a tailored, cost-effective solution to help you grow, mitigate key risks and increase the value of your practice.
According to the 2010 Certified Fraud Examiners Report to the Nations, the median loss against Canadian professional practices from fraud schemes is $125,000 per year. Without proper levels of diligence, fraud can easily slip by undetected in a professional practice – particularly if you enjoy traveling, have multiple locations or aren’t directly involved in the day-to-day operations of your practice. We help protect your practice from fraud by conducting a semi-annual review of your banking, accounting and data transactions. Through the use of a data analytics program, we apply our decades of investigative expertise to identify common red flags of fraud or error. Not only will you be more easily able to spot and resolve instances of fraud, potential fraudsters will be deterred by the knowledge that you are actively monitoring your financial risks. Best of all, this process requires minimal involvement from practitioners.
We review the business practices and internal controls framework of your practice to identify opportunities to enhance operations, improve the bottom line and ensure the security of your assets. By understanding the risks unique to your practice, we ensure the processes and controls supporting the practice are properly designed, from booking patient appointments through to establishing financial reports and performance measures to support you in monitoring the profitability and success of your business.
One of the biggest challenges for professional practices is the collection, recording and retention of the significant amount of confidential client information you receive. Professional practices are required to comply with certain privacy legislation (i.e., Health Information Act, Freedom of Information and Protection of Privacy Act, etc.) but most do not have the appropriate controls in place to support compliance with privacy legislation. We help you understand and meet your compliance requirements by developing a customized framework and an internal control structure aligned with your information systems.
Knowing your information systems are secure, cannot be easily tampered with and are inaccessible to unauthorized parties is fundamental to the sustaining your practice. We perform IT system vulnerability assessments by performing attack and penetration tests to expose the weaknesses in your information system security framework. We also review your IT general controls to determine whether they have been appropriately designed and are operating effectively.
Sustaining your practice in light of the “unexpected” can often prove challenging; however, your ability to respond to a crisis can distinguish you from your competitors. Is your business prepared to effectively respond in the event of natural, manmade or other disasters? We help you understand your threats, vulnerabilities and risks and identify and evaluate countermeasures to enable your business to continue to operate with minimal interruption.
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