Thomson Reuters has released two new PPC Practice Aid tools for its Thomson Reuters Checkpoint online research service to help practitioners who perform audits of health care entities and broker-dealers.
The tools include step-by-step processes in Microsoft Office format, links to related content, and analysis by authors from the PPC, RIA and WG&L brands. The products facilitate health care and broker-dealer audits within Thomson Reuters’ SMART Audit Suite.
PPC Practice Aids for Audits of Health Care Entities covers audits of investor-owned, nonprofit, or special-purpose governmental entities, including hospitals, nursing homes, continuing care retirement communities, and home health and hospice care. The tools can be used with PPC audit resources for Single Audit and Yellow Book to meet those audit requirements. They include confirmation and correspondence letters such as the engagement letter, representation letter and malpractice liability insurance confirmation letter. Also included are checklists addressing the factors to consider and risks facing health care entities. The tools also provide audit programs for patient revenues and receivables, third-party payor settlements, and medical malpractice liabilities.
PPC Practice Aids for Audits of Broker-Dealers addresses audit areas common to non-carrying broker-dealers such as due to/from brokers, commission and concession revenue, and commission expense; securities, derivatives, and principal transactions; net capital, aggregate indebtedness, and the required minimum net capital computation; and the internal control study under SEC Rule 17a-5(g).
The product includes tailored engagement and representation letters, confirmation and correspondence letters including requests to confirm clearing broker-dealer commission and concession revenue monthly statements; proprietary accounts; cash subordinated loans and secured demand notes; and exchange memberships. Also provided are planning and risk assessment checklists addressing auditor independence, the broker-dealer industry, non-carrying broker-dealers, and more.
In addition, Checkpoint Learning offers a related online continuing professional education course, Introduction to the Health Care Industry, which provides seven CPE credits.
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