Auditmetrics - Evaluating Performance

The Health Audit

HealthLink Wellness is committed to reduce health risks through regular health monitoring and feedback and to develop partnerships that engage the retiree within the fabric of the community. The ultimate goal is to build a culture of prevention where home, community and medical office work together as a team. A health risk statistical model was developed in partnership with Alliance for Retired Americans and originally funded by the Centers for Disease Control and Prevention, Healthy Aging Program, Grant No. H75DP002301-01

HealthLink Wellness

Integral to the HealthLink approach is regular medical screening and feedback. The specific measures screened are: fasting blood glucose, blood pressure, high-density lipoproteins (HDL), total cholesterol (TC), smoking habits and body mass index (BMI). At each screening feedback is provided to retirees about their results and the recommended screening values they should try to achieve.

Patient Centered

HealthLink is currently enrolling primary physicians to participate in our wellness approach in what is called the "Patient Centered Medical Home" as endorsed by the American Academy of Family Physicians. The HealthLink team and the Doctor's office work together as a team in helping our members achieve their wellness goals. Physicians can learn more about HealthLink's evidence based assessment tools by logging onto our Physician Center. Contact us for complimentary access.

The Financial Audit

Auditmetrics has been a longtime developer of the financial statistical audit for a wide range of organizations. It is the uniting of the field of Statistics and Accounting. We analyze both healthcare and other public and private entities in terms of determining financial performance. Auditmetrics has established the statistical audit procedures for sales and use tax for the Massachusetts Dept. Revenue - Audit Division

Auditmetrics' statistical audit methodology conforms to accepted accounting standards as published by the American Institute of Certified Public Accountants (AICPA).

According to its Statement on Auditing Standards (SAS) No. 39, the essential features of statistical sampling are:

Sampled items should have a known probability of selection- i.e. random selection.
Results should be evaluated mathematically- in accordance with probability theory.

Just because one of these requirements is met does not mean that the application is statistical.

Massachusetts Department of Revenue’s Audit Bureau's Statistical procedures specifically conform to SAS No. 39. Also Mass. state law mandates conformity with IRS statistical guidelines

Email: info@auditmetrics.com

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AI for Small Business

Over the past decade AICPA and the Multistate Tax Commission have urged the retirement of the traditional block sample in conducting an audit in favor of the properly drawn random sample in the context of Computer Assisted Audit Techniques (CAATs). The Auditmetrics AI system is an extension of this trend by further streamlining the computer human interface. This is part of a trend of using statistical methods and spreadsheets to enhance the effectiveness of all types of audits including forensic auditing. Appropriate use of sampling techniques contributes to reduce both overhead and time cost, improved audit results, and to make audits more defensible if challenged, especially when the taxman comes knocking on the door.

Most CAATs systems are mega systems designed for government agencies and large corporations. Auditmetrics AI has a small footprint and fits on a laptop. It allows the auditor of small businesses maximum flexibility in analyzing accounts.

New with Version 6.3 is a section including forensic accounting using Benford's formula

Also available is an e-book (pdf)

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Compact software that unleashes the power of statistical theory, spreadsheets and random samples.

Auditmetrics AI system generates spreadsheet templates that summarize sample properties according to AICPA statistical standards and used to record audit results.

An easy step by step process from audit sample design to audit completion.

Auditmetrics AI goes through a series of analytic checks. If one of the checks is not met, the user is alerted to make proper adjustments. In the end the auditor is assured a representative random sample that meets all mathematical standards. All done in one package, no need to jump back and forth between accounting and statistical software

If the software is selected for a business academic program, the instructor will be provided with slides that have been used by Auditmetrics for auditor in-service training. The instructor must have an e-mail address with the appropriate academic designation.

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