Why should CFOs consider Recovery Audit Contractors (RACs) as a part of their internal controls?
Have you ever considered which parts of your financial processes might not be as effective? Why are finance teams still making mistakes that cost a million dollars, even if everything else is running smoothly? 2025 is going to be the most challenging year so far for finance leaders to maintain positive cash flows, and they will even have more controls to manage. It is not enough for a CFO to simply be a scorekeeper. Instead, they must be value protectors, loss preventers, compliance regulators, and ensure the processes in place are driving value to the business. It is going to be a reality that internal controls, in their traditional sense, will still be required, but will not be enough. This is the part recovery audit contractors (RACs) are supposed to play. If you still don't consider them thoroughly as part of your control environment, you are still underutilizing a valuable business asset. Unprecedented Complexity of 2025 Means Traditional Contro...