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  • Article

    Due Diligence Questions Relating To Critical Audit Matters

    As we have previously blogged, public companies are now required to describe critical audit matters (CAMs) in their publicly filed auditor reports.
    United StatesAccounting and Audit
    Mayer Brown
    Mayer Brown
  • Article

    Early Look At First Batch Of CAMs Disclosures

    More than two years since the PCAOB adopted the new critical audit matters (CAMs) disclosure requirement
    United StatesAccounting and Audit
    WilmerHale
    WilmerHale
Article

How OIG Used Data Analytics And Extrapolation In A $12.4 Million Hospital Audit

An HHS Office of Inspector General audit of Methodist Hospital in San Antonio reveals how a review of just 100 claims led to a $12.4 million overpayment recommendation through statistical extrapolation. The audit targeted specific high-risk billing areas including Inpatient Rehabilitation Facility claims, certain diagnosis-related groups, and outpatient billing patterns, uncovering documentation and coding compliance issues that hospital leadership should examine within their own Medicare claims.
United StatesAccounting and Audit
Butler Snow LLP
Butler Snow LLP
  • Article

    Key PCAOB Areas Of Focus

    The PCAOB recently released its 2019 Staff Inspections Outlook for Audit Committees.
    United StatesAccounting and Audit
    Mayer Brown
    Mayer Brown
  • Article

    Lessons Learned From CAM Dry Runs

    In 2017, the Public Company Accounting Oversight Board ("PCAOB") adopted a new standard for auditor's reports that requires a description ...
    United StatesAccounting and Audit
    Mayer Brown
    Mayer Brown
  • Article

    OFCCP Takes Aim At Pay Equity Audits In New Directive

    In the first internal agency directive during Jenny Yang's tenure as director, the Office of Federal Contract Compliance Programs (OFCCP) issued Directive 2022-01, entitled "Pay Equity Audits" on March 15, 2022.
    United StatesAccounting and Audit
    Ogletree, Deakins, Nash, Smoak & Stewart
    Ogletree, Deakins, Nash, Smoak & Stewart
  • Article

    PCAOB Critical Audit Matters Spotlight

    In a recent publication, the Public Company Accounting Oversight Board ("PCAOB") Staff shares some initial observations regarding Critical Audit Matters ("CAMs") implementation.
    United StatesAccounting and Audit
    Mayer Brown
    Mayer Brown
  • Article

    PCAOB Staff Guidance On Critical Audit Matters

    In previous blog posts, we have discussed PCAOB Staff Guidance on the basics of critical audit matters (CAMs)
    United StatesAccounting and Audit
    Mayer Brown
    Mayer Brown
  • Article

    PCAOB Staff Guidance On Critical Audit Matters

    The PCAOB recently published Staff guidance that sets out the Staff's views relating to implementing the critical audit matters requirement.
    United StatesAccounting and Audit
    Mayer Brown
    Mayer Brown
  • Article

    SEC Approves New Audit Reporting Standard Requiring Auditors To Disclose More Detailed Information Learned During The Audit

    On October 23, 2017, the Securities and Exchange Commission approved the Public Company Accounting Oversight Board's ("PCAOB") proposal to adopt a new auditing standard, AS 3101.
    United StatesAccounting and Audit
    Sheppard
    Sheppard
  • Podcast

    Software And Data Audits: Tips To Avoid The Traps (Podcast)

    Licensees face financial risk and operational disruption in audits by their software and data vendors. Changes in technology are driving a current surge in those audits.
    United StatesAccounting and Audit
    Mayer Brown
    Mayer Brown
  • Article

    Some Questions Posed By Declining Audit Rates And Audit Campaigns

    The IRS is spending increasingly less time auditing large companies.
    United StatesAccounting and Audit
    McDermott Will & Emery
    McDermott Will & Emery
  • Article

    The New Audit Requirements Under GATA: The Grant Accountability And Transparency Act

    Until recently, Illinois recipients and subrecipients who expended less than $500,000 in federal funds breathed a sigh of relief as they were exempt from the rigorous world of the Single Audit.
    United StatesAccounting and Audit
    ORBA
    ORBA
  • Article

    Univar, Inc. Challenges Delaware Unclaimed Property Audit As Unconstitutional

    Univar seeks declaratory judgment and injunction relief.
    United StatesAccounting and Audit
    Duff and Phelps
    Duff and Phelps
  • Article

    Bipartisan Legislation To Strengthen Disclosure Requirements For Foreign Companies Listed On U.S. Exchanges

    Recently, a bipartisan bill was introduced in Congress that would require that U.S. listed foreign companies provide U.S. regulators access to accounting records tied to audit reports.
    United StatesCorporate/Commercial Law
    Mayer Brown
    Mayer Brown
  • Article

    Delaware Department Of State Sends Unclaimed Property VDA Invitations To Corporations On February 15, 2019

    Traditionally, Delaware uses third-party, contingently paid, multistate auditors to conduct unclaimed property audits.
    United StatesCorporate/Commercial Law
    Duff and Phelps
    Duff and Phelps
  • Article

    Nasdaq Proposes New Internal Audit Function Requirement

    On March 4, 2013, Nasdaq issued a proposed new rule that, if approved by the Securities and Exchange Commission, will require listed companies to establish and maintain an internal audit function.
    United StatesCorporate/Commercial Law
    Kilpatrick Townsend & Stockton LLP
    Kilpatrick Townsend & Stockton LLP
  • Article

    New PCAOB Rules Require Reporting Of "Critical Audit Matters"

    The new rules will more closely align U.S. auditing standards with those adopted (i) by the International Auditing and Assurance Standards Board...
    United StatesCorporate/Commercial Law
    Hogan Lovells Cadwalader
    Hogan Lovells Cadwalader
  • Article

    One More Cup Of Coffee For The Road

    Coffee fans may argue that a bad day with coffee is better than a good day without it, but Luckin Coffee is certainly putting that adage to the test for its investors.
    United StatesCorporate/Commercial Law
    K2 Integrity
    K2 Integrity
  • Article

    President's Working Group On Financial Markets Releases Report On Protecting U.S. Investors From Significant Risks From Chinese Companies

    On August 6, 2020, the President's Working Group on Financial Markets ("Working Group") released its Report on Protecting United States Investors from Significant Risks from Chinese Companies...
    United StatesCorporate/Commercial Law
    Mayer Brown
    Mayer Brown
  • Showing 501–520 of 2126 results

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