If there are no accounts, or an insufficient number of accounts in any category that is required to be sampled by OAC 5101:3-2-23, Appendix A, how should an auditor proceed?
OAC 5101:3-2-23 requires a specific number of accounts, in specific categories, to be examined by each hospital, depending on the total amount of uncompensated care (UC) without insurance the hospital is reporting. If a hospital has an insufficient number of accounts in any UC category, it should increase the number of accounts randomly selected in other categories until it reaches the total number of accounts it is required to examine.
Related Questions
- What is the total dollar value of accounts available for placement now by category, including any backlog?
- What happens in the event that I have insufficient cash or securities in one of the selected Accounts?
- Does the auditor make use of analytical procedures to provide assurance for the year-end accounts?
