Anna James Case Study: HealthSouth Corporation Scandal Week3 Forensic Accounting: Ethics and Legal Environment Professor Erskine Hawkins HealthSouth Corporation is a large‚ public healthcare company that operates 93 inpatient rehabilitation hospital‚ 49 outpatient rehabilitation satellites‚ six long-term acute care hospitals‚ and 25 home health agencies. According to the company websites‚ it is “one of the nation’s largest healthcare providers specializing in rehabilitation”.5 The company
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ASA 240 (April 2006) Auditing Standard ASA 240 The Auditor’s Responsibility to Consider Fraud in an Audit of a Financial Report Issued by the Auditing and Assurance Standards Board Obtaining a Copy of this Auditing Standard This Auditing Standard is available on the AUASB website: www.auasb.gov.au. Alternatively‚ printed copies of this Auditing Standard are available b y contacting: Auditing and Assurance Standards Board Level 4 530 Collins Street Melbourne Victoria 3000 AUSTRALIA
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Solutions for Chapter 1 Auditing: Integral to the Economy Review Questions: 1-1. The special function performed by the public accounting profession is the attestation to the fairness of the financial statements of clients. The special function ensures the reliability and integrity of the financial reporting system. Judge Burger described the special function as "certifying the public reports that collectively depict a corporation’s financial status‚" which involves "a public responsibility transcending
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to build their employment as more than working with people Slade mentioned two types of recovery which are the personal recovery and the clinical recovery. Even though both aims at recovery‚ the distinction between the two are that the personal recovery aims at what the personal understanding of what recovery is which is hope‚ identity‚ meaning and personal responsibilities as against the clinical recovery which aims at the “invariant importance of symptomology‚ social functioning‚ relapse prevention
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References: Bagranoff‚ N.‚ Simkin‚ M.‚ & Strand‚ C. (2008). Core Concepts of Accounting. (10th ed). New York: Wiley & Sons Hunton‚ J. A.‚ Bryant‚ S. M.‚ & Bagranoff‚ N. A. (2004). Core concepts of information technology auditing. New York: Wiley & Sons. University of Phoenix. (2010). Kudler Fine Foods Internet and Intranet Information. Retrieved from University of Phoenix‚ Virtual Business Portal‚ ACC542-Accounting Information Systems course website.
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Appropriate System of Authorizations 4. Separation/Segregation of Duties 5. Sound Accounting Practices 6. Adequate Safeguards Over Access To & Use of Assets & Records 7. Independent Checks on Performance (Auditors) EDP/Computer Auditing In addition to the controls needed for manual systems‚ additional controls must be in place and working whenever computers are used: * General Controls: organizational controls‚ systems development controls‚ controls over program changes‚ operating
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objectives requires grouping similar types of input transactions (such as sales orders) together in batches and then controlling the batches throughout data processing. ANS: T 12. The "white box" tests of program controls are also known as auditing through the computer. ANS: T 13. The presence of a SPLMS effectively guarantees program integrity. ANS: F 14. When using the test data method‚ the presence of multiple error messages indicates a flaw in the preparation of test transactions
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Applied Auditing Audit of Plant‚ Property and Equipment – Lecture Definition Property‚ plant and equipment are tangible items that: a) are held for use in the production or supply of goods or services‚ for rental to others‚ or for administrative purposes; and b) are expected to be used during more than one period. Recognition An item of PP&E should be recognised only if its cost can be measured reliably and it is probable that future economic benefits associated with the item will
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PROFESSIONAL RESPONSIBILITY AND LIABILITY INTRODUCTION The imprecision in accounting leads to an imprecision in the ability to verify financial statement presentations. Accounting and auditing require the application of significant professional judgment. Hence‚ the auditor seeks only a reasonable basis for expressing an opinion on the fairness of the financial statements. In making an examination‚ the auditor obtains evidence for sound and well-grounded conclusions about the fairness and representational
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Although functional recovery may be a long and arduous process‚ most burn survivors can expect to resume their roles‚ function at a level that is comparatively close to their preinjury level of independence‚ and continue engagement in occupation for satisfactory participation
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