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This guide provides "how-to" guidance on planning, performing and reporting on Health Care entity audit engagements, as well as information for members in practice in the Health Care industry.
Considered the industry standard resource, this 2013 update contains practical guidance for accounting and auditing of health care entities, including auditor involvement with municipal securities filings, refundable advance fees, intangibles, insurance recoveries, and accrual of legal costs.
This Guide will help you:
This resource is packed with information on new requirements including GASB Statement No. 61, The Financial Reporting Entity: Omnibus—an amendment of GASB Statements No. 14 and No. 34. Additional updates significant to this edition include FASB ASU No. 2013-06, FASB ASU No. 2013-04, FASB ASU No. 2013-03, and many more.
This edition includes four newly released AICPA Technical Practice Aids impacting the health care industry, including:
TIS section 6400.52, "Insurance Recoveries From Certain Retrospectively Rated Insurance Policies"
TIS section 6400.51, "Presentation of Insurance Recoveries When Insurer Pays Claims Directly"
TIS section 6400.50, "Accrual of Legal Costs Associated With Contingencies Other Than Malpractice"
TIS section 6400.49, "Presentation of Claims Liability and Insurance Recoveries - Contingencies Similar to Malpractice"