학술논문

The importance of developing a financial audit process: An academic medical center perspective
Document Type
article
Source
Journal of Clinical and Translational Science, Vol 7 (2023)
Subject
Clinical research business operations
feasibility
financial audit process
clinical trial operations
clinical trial management systems
Medicine
Language
English
ISSN
2059-8661
Abstract
Clinical research studies run the risk of being in a deficit leading to premature study termination or a desperate struggle to find new funding to continue the research. It is important for institutions, small or large, to have financial oversight during the research process. We created a financial audit process for a core clinical research department at a pediatric hospital. Understanding where to find your costs, what costs are important, and other elements of the audit process are essential. Knowing how to replicate a financial audit process can help you eliminate the risk of a financial deficit.