Health Care Industry Developments, 2015/16: Audit Risk Alert

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