{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-06-28T08:21:16-04:00", "answer_date": "2024-06-28 08:21:16", "is_docs_available": null, "is_excel_available": null, "is_pdf_available": null, "count_file_available": 0, "main_page": "student_question_view", "question_id": "4272893", "url": "\/study-help\/questions\/goodfellow-perkins-llp-is-a-successful-midtier-accounting-firm-4272893", "question_creation_date_js": "2024-06-28T08:21:16-04:00", "question_creation_date": "Jun 28, 2024 08:21 AM", "meta_title": "[Solved] Goodfellow & Perkins LLP is a successful | SolutionInn", "meta_description": "Answer of - Goodfellow & Perkins LLP is a successful mid-tier accounting firm with a large range of clients across Texas. During 2 | SolutionInn", "meta_keywords": "goodfellow,perkins,llp,successful,mid-tier,accounting,firm,large,range,clients,texas,2022", "question_title_h1": "Goodfellow & Perkins LLP is a successful mid-tier accounting firm with a large range of clients across Texas. During 2022, Goodfellow & Perkins gained a", "question_title": "Goodfellow & Perkins LLP is a successful mid-tier accounting firm with a", "question_title_for_js_snippet": "Goodfellow Perkins LLP is a successful mid tier accounting firm with a large range of clients across Texas During 2022, Goodfellow Perkins gained a new client, Brookwood Pines Hospital, a private, not for profit hospital The fiscal year end for Brookwood Pines is June 30 You are performing the audit field work for the June 30, 2023, fiscal year end When doctors and other medical personnel provide services to patients, they record the procedures performed in the patient's medical chart using a code The codes are standardized across the healthcare industry and consist of three main code sets ICD, CPT, and HCPCS Using a coding system is more efficient and data friendly compared to writing a narrative about the procedures performed The doctors and nurses that staff the emergency room department are all employees of BPH They are not contracted to use hospital facilities like specialty doctors In September 2022, a nurse from the emergency room unit reported to the accounting department that she suspected two doctors were upcoding Upcoding is a fraud that occurs when medical providers use codes for more complex procedures than those that were actually performed The result is the patient and or patient's insurance are charged for the more complex and more expensive procedures The hospital performed an internal investigation and discovered that the doctors were upcoding The two doctors were fired in early October 2022 C9 2 (LO 1,3,4,5) Planning substantive tests a Information gathering Describe how you would gather information about the incidence of upcoding that occurred at the hospital b Analysis Identify two key account balances likely to be affected by the upcoding fraud and identify the key assertions most at risk for those account balances c Evaluation Evaluate how the upcoding fraud impacts the nature, timing, and extent of substantive procedures for the key account balances impacted by the fraud d Analysis Formulate a plan for how ADA could be used as a substantive procedure for the key account balances impacted by the fraud ", "question_description": "

Goodfellow & Perkins LLP is a successful mid-tier accounting firm with a large range of clients across Texas. During 2022, Goodfellow & Perkins gained a new client, Brookwood Pines Hospital, a private, not-for-profit hospital. The fiscal year-end for Brookwood Pines is June 30. You are performing the audit field work for the June 30, 2023, fiscal year-end.<\/p>

When doctors and other medical personnel provide services to patients, they record the procedures performed in the patient's medical chart using a code. The codes are standardized across the healthcare industry and consist of three main code sets: ICD, CPT, and HCPCS. Using a coding system is more efficient and data friendly compared to writing a narrative about the procedures performed.<\/p>

The doctors and nurses that staff the emergency room department are all employees of BPH. They are not contracted to use hospital facilities like specialty doctors. In September 2022, a nurse from the emergency room unit reported to the accounting department that she suspected two doctors were \"upcoding.\" Upcoding is a fraud that occurs when medical providers use codes for more complex procedures than those that were actually performed. The result is the patient and\/or patient's insurance are charged for the more complex and more expensive procedures. The hospital performed an internal investigation and discovered that the doctors were upcoding. The two doctors were fired in early October 2022.<\/p>

C9.2<\/strong>(LO 1,3,4,5)<\/strong>Planning substantive tests<\/strong><\/p>

  1. a.<\/strong>Information gathering:<\/em>Describe how you would gather information about the incidence of upcoding that occurred at the hospital.<\/li>
  2. b.<\/strong>Analysis:<\/em>Identify two key account balances likely to be affected by the upcoding fraud and identify the key assertions most at risk for those account balances.<\/li>
  3. c.<\/strong>Evaluation:<\/em>Evaluate how the upcoding fraud impacts the nature, timing, and extent of substantive procedures for the key account balances impacted by the fraud.<\/li>
  4. d.<\/strong>Analysis:<\/em>Formulate a plan for how ADA could be used as a substantive procedure for the key account balances impacted by the fraud.<\/li> <\/ol>", "transcribed_text": "", "related_book": { "title": "Data Analysis And Decision Making", "isbn": "538476125, 978-0538476126", "edition": "4th Edition", "authors": "Christian Albright, Wayne Winston, Christopher Zappe", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/415.jpg", "uri": "\/textbooks\/data-analysis-and-decision-making-4th-edition-415", "see_more_uri": "" }, "free_related_book": { "isbn": "3540655980", "uri": "\/textbooks\/hypertrophic-reservoirs-for-wastewater-storage-and-reuse-ecology-performance-and-engineering-design-1st-edition-978-3540655985-296506", "name": "Hypertrophic Reservoirs For Wastewater Storage And Reuse Ecology Performance And Engineering Design", "edition": "1st Edition" }, "question_posted": "2024-06-28 08:21:16", "see_more_questions_link": "\/study-help\/questions\/business-corporate-finance-2020-July-01", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/determine-the-minimal-spanning-tree-for-the-network-in-problem", "description": "Determine the minimal spanning tree for the network in Problem 9.", "stars": 3 }, { "url": "\/study-help\/psychology\/1-obtain-the-perspective-of-a-current-graduate-student-who-1980636", "description": "1. Obtain the perspective of a current graduate student who is pursuing a doctorate in clinical or counseling psychology. Many graduate programs provide e-mail addresses for their graduate students,...", "stars": 3 }, { "url": "\/the-moveit-company-has-two-plants-producing-forklift-trucks-that", "description": "The Move-It Company has two plants producing forklift trucks that then are shipped to three distribution centers. The production costs are the same at the two plants, and the cost of shipping for...", "stars": 3 }, { "url": "\/study-help\/questions\/two-or-more-items-are-omitted-in-each-of-the-9880319", "description": "Two or more items are omitted in each of the following tabulations of income statement data. Fill in the amounts that are missing.", "stars": 3 }, { "url": "\/study-help\/questions\/please-look-at-the-attached-document-i-need-help-with-3258191", "description": "Please look at the attached document, I need help with the Excel formulas finishing this homework assignment. I couldn't copy\/paste the excel spread sheet. Thank you Ann", "stars": 3 }, { "url": "\/study-help\/questions\/government-nsw-tafe-part-1-sales-budget-preparation-prepare-a-1039882", "description": "GOVERNMENT NSW TAFE Part 1: Sales budget preparation Prepare a Sales budget for 'Health is care' Cafe situated in a Blacktown city hospital for 2016. Health is care Cafe-Sales data for the year ended...", "stars": 3 }, { "url": "\/study-help\/questions\/determine-miller-indices-of-plane-a-z-a2-x-a2-1024064", "description": "Determine miller indices of plane A Z a\/2 X a\/2 a\/2 Y", "stars": 3 }, { "url": "\/study-help\/questions\/help-desk-layout-using-the-internet-research-help-desk-layouts-1056612", "description": "Help Desk Layout Using the internet, research help desk layouts. What types of novel layouts (i.e., not standard cubicles)? Which of these layouts would you prefer to work in?", "stars": 3 }, { "url": "\/study-help\/questions\/abn-amro-bank-amsterdam-wants-to-purchase-rs15-m-against-1007966", "description": "ABN Amro Bank, Amsterdam, wants to purchase Rs.15 m against $ for funding their Vostro account with Canara Bank, New Delhi. Assuming the inter bank, rates of $ is 51.3625 - 3700, what would be the...", "stars": 3 }, { "url": "\/study-help\/questions\/operating-expenses-would-include-o-interest-expense-o-income-tax-1048509", "description": "Operating expenses would include O interest expense. O income tax expense. O freight-out. O freight-out and interest.", "stars": 3 } ], "next_back_navigation": { "previous": "\/study-help\/questions\/suppose-the-free-cash-flow-at-time-1-is-expected-4272892", "next": "\/study-help\/questions\/9-during-the-year-they-borrowed-to-buy-capital-assets-4272894" }, "breadcrumbs": [ { "name": "Study help", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers" }, { "name": "Business", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers\/business" }, { "name": "Accounting", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/business-accounting" }, { "name": "Goodfellow & Perkins LLP is a successful mid-tier accounting firm with a", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/goodfellow-perkins-llp-is-a-successful-midtier-accounting-firm-4272893" } ], "skill_details": { "skill_id": "9", "skill_name": "Accounting", "parent_id": "1" } } } }