Auditing For-Profit Entities Receiving PRF Funds and Other HHS Awards
Resources
AICPA logo
Cart
searchSearch
search
burger
AICPA logo
  • Home
Resources

Auditing For-Profit Entities Receiving PRF Funds and Other HHS Awards

10 months ago · 2 hour 7 min watch

Resource

available

This Governmental Audit Quality Center (GAQC) archived Web event titled, Auditing For-Profit Entities Receiving Provider Relief Funds and Other Health and Human Services (HHS) Awards, held on Thursday, January 20, 2022, provides information on auditing for-profit entities that received Provider Relief Funds (PRF) and other HHS awards. The COVID-19 pandemic has resulted in an influx of HHS funding to for-profit hospitals and other for-profit healthcare providers, and many of these entities are subject to HHS audit requirements which include options for either a single audit (or program-specific audit) or a financial audit under Government Auditing Standards. For many for-profit entities, the December 31, 2021, year-end will be the first time the HHS audit requirements become effective. Topics covered include:

  • The types of for-profit entities subject to the HHS audit requirements and what the HHS requirements entail;

  • A deeper dive into the financial audit option including an illustrative schedule and related notes that clients could prepare, as well as the appropriate auditor reporting;

  • Other audit performance considerations; and

  • Best practices, tips; and resources.

Download the For-Profit Entities Receiving PRF Web event slides

File name: auditing-for-profit-entities-prf.pdf

What did you think of this?

Every bit of feedback you provide will help us improve your experience

What did you think of this?

Every bit of feedback you provide will help us improve your experience

Related content