This Governmental Audit Quality Center (GAQC) archived Web event titled, An Audit Primer for Auditors of For-Profit Entities Receiving HHS Provider Relief Funds (PRF), held on December 15, 2020, provides information on for-profit entities (e.g., hospitals and other for-profit healthcare providers) that received COVID-19 pandemic relief federal funding from the U.S. Department of Health and Human Services (HHS). Many of these entities are required to undergo an audit of HHS funds. If you audit for-profit entities that have become subject to these audit requirements, you are likely in need of a primer on what is involved. This event, which should be of interest to auditors and auditees, walks participants through the following:
What the HHS audit requirements involve, including the auditing standards to be followed;
Other audit performance considerations; and
Best practices, tips, and resources.