Description

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This new edition helps achieve a robust understanding of regulatory developments affecting investor-owned, not-for-profit and governmental health care entities. It keeps you updated on emerging issues that may require consideration during 2015/16 risk assessment and planning procedures.

It is an important tool to help you identify the significant risks that may result in the material misstatement of financial statements, and features the following recently issued regulatory developments, accounting pronouncements, and audit risks:

Current Accounting and Auditing Issues:

• Business combinations
• Investment valuation
• Going concern
• Discontinued operationsPensions
• HUD reporting requirements
• Uniform guidance federal awards
• Auditing related parties
• Donated personnel services
• Revenue recognition and much more

Regulatory Developments:

• CMS developments
• OIG and DOJ developments
• Program integrity audits
• Premium stabilization program
• Community health needs assessment
• MACRA
• EHR incentive program
• Shared savings
• Risk-based payments
• IRS developments

Who Will Benefit?

• Auditors and entity's internal management

About the Author

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Founded in 1887, the American Institute of Certified Public Accountants (AICPA) represents the CPA and accounting profession nationally and globally regarding rule-making and standard-setting, and serves as an advocate before legislative bodies, public interest groups and other professional organizations. The AICPA develops standards for audits of private companies and other services by CPAs; provides educational guidance materials to its members; develops and grades the Uniform CPA Examination; and monitors and enforces compliance with the accounting profession's technical and ethical standards. The AICPA's founding established accountancy as a profession distinguished by rigorous educational requirements, high professional standards, a strict code of professional ethics, a licensing status and a commitment to serving the public interest.