Statements of Position



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This proposed guide has been prepared to assist the independent auditor in examining and reporting on the financial statements of entities whose principal operations consist of providing health care services to individuals. It describes relevant matters or procedures unique to those entities and focuses on specific problems of auditing and reporting on the financial statements of the health care entities covered by the scope. This proposed guide supersedes the Industry Audit Guide titled Hospital Audit Guide (1972) and the following statements of position: 1. Clarification of Accounting, Auditing, and Reporting Practices Relating to Hospital Malpractice Loss Contingencies; 2. SOP 78-1, Accounting by Hospitals for Certain Marketable Equity Securities; 3. SOP 81-2, Reporting Practices Concerning Hospital-Related Organizations; 4. SOP 85-1, Financial Reporting by Not-for-Profit Health Care Entities for Tax-Exempt Debt and Certain Funds Whose Use Is Limited. This proposed guide includes illustrations of the form and content of financial statements for the health care entities considered and the auditor's reports thereon.

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Relational Format



Health facilities -- United States -- Auditing; Health facilities -- Accounting -- Standards -- United States


Accounting | Taxation


Originally published by: American Institute of Certified Public Accountants; Copyright and permission to reprint held by: American Institute of Certified Public Accountants.

Proposed audit and accounting guide : audits of providers of health care services ;Audits of providers of health care services; Exposure draft (American Institute of Certified Public Accountants), 1988, March 15



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