![]() Just recently, the Marriott hotel chain was subject to a data breach that resulted in details of 500 million guests being stolen, which could cost the company $US200 million. Responding to security alerts should be considered an integral part of records management best practices. Without the right security measures in place, cybercriminals can not only access your records but also install malware into your systems which could capture your clientele’s vital data. ![]() It is incumbent upon businesses to safeguard their records and treat client data and information with the security that it deserves. A data leak could have huge monetary repercussions whilst also creating a host of PR problems. If security is lax, your data could be vulnerable to a breach. One of the first priorities for any business intent on getting its house in order regarding record-keeping, is to ensure strict data security and privacy measures are in place. Here are nine principles that will help you to stay compliant without compromising operational efficiency. Making records management best practices the guiding light of your operations will help mitigate the risk of non-compliance. After months or even years of shoddy record-keeping, those four figure sanctions can add up to a crippling fine. This might seem like an austere sanction but it’s worth remembering that the maximum fine for each breach currently stands at $A1260 for an individual or $A6300 for a corporation. The franchisee, Aulion Pty Ltd, and its director were both fined after investigations revealed that information from the company’s accountant, bank and superannuation fund did not match figures provided to the ombudsman. Just last year, a Caltex franchisee was brought before Australia’s fair Work Ombudsman for failing to adhere to record-keeping laws, and the Sydney-based store was fined $A100,000. In recent years we’ve seen some high profile examples of businesses being held accountable for failing to adopt records management best practices. ![]() Aside from the inevitable PR black eye and the potential risk of losing clients’ trust, your organisation could find itself faced with serious punitive measures. And, unfortunately, non-compliance can have some pretty serious consequences for businesses. In a climate of tightening regulations, enterprises run an increasingly high risk of non-compliance. ![]()
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Has funding available to cover shortfallsĪn applicant will have to demonstrate the financial ability to operate by completing proof of schedules in conformity with Generally Accepted Accounting Principles.Documents revenue & expenses properly, based on industry standards.Proper Staffing requirements as mandated by law.The two year prospective financial statements of the business needs to verify the following: We will prepare the required Health Care Licensing Application and Proof of Financial Ability to Operate as required by AHCA, which includes a compilation of projected financial statements using software customized to meet AHCA requirements, and provides monthly projected summary of revenue, expenses and cash flow statements for 24 months and two year annual balance sheet. ![]() We are familiar with all the schedules and rules to meet the specific requirements of 405.810(8), 408.8065(1) and 400.471, Florida statutes per AHCA standards. 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