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OIG is sending audit notice letters requesting specific information and documents, including documentation of compliance with the particular meaningful use measures under review, to each provider in the audit sample.

The Office of Inspector General ("OIG") in its November Work Plan has put hospitals on notice that it is going to begin auditing short-stay inpatient claims for compliance with CMS's Two-Midnight Rule.

On November 14, 2012, the U.S. Securities and Exchange Commission (SEC) issued an Order providing further regulatory relief and assistance to a broad class of companies and others affected by Hurricane Sandy.

Technical corrections to the partnership audit rules were included in the 2018 Consolidated Appropriations Act signed by President Trump on March 23rd.

Earlier this week, the Public Company Accounting Oversight Board announced updates to its research and standard-setting agendas.

The COVID-19 pandemic has had a big impact on the way companies conduct business and audit firms are no exception.

The SEC approved a new Public Company Accounting Oversight Board ("PCAOB") auditor reporting standard that expands the scope of audit reports that must be communicated to an audit...

On June 8, 2017, SEC Chief Accountant Wesley Bricker gave a speech titled "Advancing the Role of Credible Financial Reporting in the Capital Markets" at the 36th Annual SEC and Financial Reporting...

The SEC recently requested public comment on the PCAOB’s amendments to (a) conform the board’s rules and forms to the Dodd-Frank Act provisions that authorize the board to oversee the audits and auditors of brokers and dealers that are registered with the SEC and (b) make certain updates and clarifications to the PCAOB’s rules and forms.

In a recent Section 21(a) Report, the SEC explained that—although tax services and other non-audit services provided by an auditor may be permissible—the way they are provided may adversely affect the auditor’s independence.

This article summarizes key developments in the preparation of audit response letters concerning loss contingencies since the American Bar Association Statement...

As discussed in my previous blog post, the IRS is ramping up compliance audits of governmental hospitals who are exempt under 501(c)3.

Public companies are required to have an audit committee (due to the Sarbanes-Oxley Act of 2002), and while not required, many not-for-profit organizations have started their own committees as well.

The accounting profession is facing a critical shortage of certified public accountants (CPAs), with more than 73% of accounting students relying on external financial support to obtain their licenses...

In 2014, the IRS increased its scrutiny of stock option pricing and began an audit program for 409A deferred compensation plans.

With big data analysis, SEC investigators can more easily zero in on potential accounting or reporting violations even before a company's outside auditors or management ever do.

In December of 2021, Oracle announced its acquisition of healthcare giant, Cerner Corporation.