Applying new AICPA accounting rules on special reports
Reinstein, A.; Dery, R.J.
Healthcare financial management journal of the Healthcare Financial Management Association 52(4): 52-56
1998
ISSN/ISBN: 0735-0732 PMID: 10178065 Document Number: 484254
Two new standards on agreed-upon procedures, issued by the American Institute of Certified Public Accountants, provide healthcare organizations and associated decision makers with new flexibility in acquiring professional accounting services. Effective January 1, 1996, these procedures allow organizations to target the type and volume of services performed by accountants and potentially avoid the time and expense involved in completing a full financial statement audit. As with any other accounting engagement, both the healthcare organization and the accounting firm need to establish what procedures will be conducted, who will be allowed to use the resulting report, and how the procedures will be conducted.