Thomson Reuters Simplifies Process of Conducting Audits of Health Care Entities and Broker Dealers
- Covers audits of investor-owned, nonprofit, or special-purpose governmental entities, including hospitals, nursing homes, continuing care retirement communities, and home health and hospice care.
- Can be used with PPC audit resources for Single Audit and Yellow Book to meet those audit requirements.
- Includes confirmation and correspondence letters, such as the engagement letter, representation letter, and malpractice liability insurance confirmation letter.
- Includes checklists addressing specific factors to consider and risks unique to health care entities.
- Provides audit programs for patient revenues and receivables, third-party payor settlements, and medical malpractice liabilities.
- Addresses audit areas common to non-carrying broker-dealers, such as due to/from brokers, commission and concession revenue, and commission expense; securities, derivatives, and principal transactions; net capital, aggregate indebtedness, and the required minimum net capital computation; and the internal control study under SEC Rule 17a-5(g).
- Includes tailored engagement and representation letters, confirmation and correspondence letters, including requests to confirm clearing broker-dealer commission and concession revenue monthly statements; proprietary accounts; cash subordinated loans and secured demand notes; and exchange memberships.
- Provides planning and risk assessment checklists addressing auditor independence, the broker-dealer industry, non-carrying broker-dealers, and more.
- Offers standard auditor's reports, as well as report drafting illustrations on internal control under SEC Rule 17a-5(g)(1), claiming exemption from SEC Rule 15c3-3, and a procedures report on Form SIPC-7.
In addition, Checkpoint Learning offers a related online continuing professional education course, Introduction to the Health Care Industry , which provides seven CPE credits.