Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements.

Auditor’s Responsibilities for the Audit of the Financial Statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or erro  and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is […]

Describe “cream skimming” and determine if it is an ethical business practice, particularly in healthcare economics. How do Medicare and Medicaid reimbursements apply to these practices?

This week’s discussion focuses on the financial and economic decisions hospitals face in our current healthcare system. For your initial post, explain how cost-shifting impacts the flow of hospital monies. Describe “cream skimming” and determine if it is an ethical business practice, particularly in healthcare economics. How do Medicare and Medicaid reimbursements apply to these […]

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