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Healthcare Accounting and Auditing – HCA 5163
Study Questions and Case Study Response
Healthcare Auditing
Prior to answering the study guide questions please complete the
following steps. It will assist you greatly in completing the
assignment task.
A. Please read the materials provided electronically for this module
B. Review the lecture power point slides
Concepts Understanding
1) According to the article authored by Mark Rupert, what are the seven
best practices in the roles and responsibilities of an internal audit
function?
2) Describe some general differences between the Compliance Role and
the Internal Audit Role.
3) Define auditing and monitoring and describe the difference between
the two.
4) List and briefly describe the elements of the 7 Component Framework
Industry Standards for Auditing and Monitoring Processes.
5) Describe some circumstances where the use of computer assisted
auditing technology would be advantageous.
6) List and describe the different types of sampling techniques in the
audit process.
7) Briefly describe the process of examining codes in billing records.
8) Describe in general the purpose of the findings and recommendations portion of the
audit report.
9) Under the new AICPA audit guidelines what are the definitions of a
significant deficiency and a material weakness.
10) What factors enhance the auditor’s application of the audit risk
model?
11) According to the AICPA guidelines what are the definitions of
“those charged with governance” and “Management”?
12) What are the auditor’s responsibilities under Generally
Accepted Auditing Standards (GAAS)?
13) What “significant findings” is the auditor required to
communicate?
Concepts Implementation
1) You have been assigned the responsibility of evaluating the internal
audit function of the health system. Describe the process you would
go through to completer this task. Describe how you would determine
if the internal audit program was functionally effectively.
2) You are concerned that the business office in the health system is not
reporting its revenue appropriately? What audit processes would you
implement to verify the revenue cycle?
