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subsequenty you recalled at blide o has a policy of not responding to confirmations-in writing or orally. 1,5 11-39. Simulation An auditor's working papers include

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subsequenty you recalled at blide o has a policy of not responding to confirmations-in writing or orally. 1,5 11-39. Simulation An auditor's working papers include the following narrative description of the cash receipts and billing portions of Southwest Medical Center's internal control. Evaluate cach condition following the narrative as being either (1) a strength. (2) a deficiency, or (3) not a strength or a deficiency Southwest is a health care provider that is owned by a partnership of five physicians. It employs Il physicians, including the five owners, 20 nurses; five laboratory and X-ray technicians, and four clerical workers. The clerical workers perform such tasks as reception. correspondence, cash receipts, billing, accounts receivable, bank deposits, and appointment scheduling. These clerical workers are referred to as office manager, clerk #1. clerk #2, and clerk #3. Assume that the narrative is a complete description of the system. About two-thirds of Southwest's patients receive medical services only after insurance coverage is verified by the office manager and communicated to the clerks. Most of the other patients pay for services by cash or check when services are rendered, although the office manager extends credit on a case-by-case basis to about 5 percent of the patients. When services are rendered, the attending physician prepares a prenumbered service slip for each patient and gives the slip to clerk #1 for pricing. Clerk #1 completes the slip and gives the completed slip to clerk #2 and a copy to the patient. Using the information on the completed slip, clerk #2 performs one of the following three procedures for each patient: Clerk #2 files an insurance claim and records a receivable from the insurance company if the office manager has verified the patient's coverage, or Clerk #2 posts a receivable from the patient on clerk #2's PC if the office manager has approved the patient's credit, or Clerk W2 receives cash or a check from the patient as the patient leaves the medical center. and clerk #2 records the cash receipt. At the end of each day, clerk #2 prepares a revenue summary, Clerk performs correspondence functions and opens the incoming mail. Clerk I gives checks from insurance companies and patients to clerk #2 for deposit. Clerk W2 posts the receipt of patients' checks on clerk N2's PC patient receivable records and insurance com nies. checks to the receivables from the applicable insurance companies. Clerk we gives mail requiring correspondence to clerk #3. Clerk 2 stamps all checks "for deposit only and each day prepares a list of checks and cash to be deposited in the bank. (This list also includes the cash and checks personally given to clerk 2 by patients.) Clerk #2 keeps a copy of the deposit list and gives the original to clerk #3. Clerk N3 personally makes the daily bank deposit and maintains a file of the daily bank deposits. Clerk 13 also performs appointment scheduling for all of the doctors and various subsequenty you recalled at blide o has a policy of not responding to confirmations-in writing or orally. 1,5 11-39. Simulation An auditor's working papers include the following narrative description of the cash receipts and billing portions of Southwest Medical Center's internal control. Evaluate cach condition following the narrative as being either (1) a strength. (2) a deficiency, or (3) not a strength or a deficiency Southwest is a health care provider that is owned by a partnership of five physicians. It employs Il physicians, including the five owners, 20 nurses; five laboratory and X-ray technicians, and four clerical workers. The clerical workers perform such tasks as reception. correspondence, cash receipts, billing, accounts receivable, bank deposits, and appointment scheduling. These clerical workers are referred to as office manager, clerk #1. clerk #2, and clerk #3. Assume that the narrative is a complete description of the system. About two-thirds of Southwest's patients receive medical services only after insurance coverage is verified by the office manager and communicated to the clerks. Most of the other patients pay for services by cash or check when services are rendered, although the office manager extends credit on a case-by-case basis to about 5 percent of the patients. When services are rendered, the attending physician prepares a prenumbered service slip for each patient and gives the slip to clerk #1 for pricing. Clerk #1 completes the slip and gives the completed slip to clerk #2 and a copy to the patient. Using the information on the completed slip, clerk #2 performs one of the following three procedures for each patient: Clerk #2 files an insurance claim and records a receivable from the insurance company if the office manager has verified the patient's coverage, or Clerk #2 posts a receivable from the patient on clerk #2's PC if the office manager has approved the patient's credit, or Clerk W2 receives cash or a check from the patient as the patient leaves the medical center. and clerk #2 records the cash receipt. At the end of each day, clerk #2 prepares a revenue summary, Clerk performs correspondence functions and opens the incoming mail. Clerk I gives checks from insurance companies and patients to clerk #2 for deposit. Clerk W2 posts the receipt of patients' checks on clerk N2's PC patient receivable records and insurance com nies. checks to the receivables from the applicable insurance companies. Clerk we gives mail requiring correspondence to clerk #3. Clerk 2 stamps all checks "for deposit only and each day prepares a list of checks and cash to be deposited in the bank. (This list also includes the cash and checks personally given to clerk 2 by patients.) Clerk #2 keeps a copy of the deposit list and gives the original to clerk #3. Clerk N3 personally makes the daily bank deposit and maintains a file of the daily bank deposits. Clerk 13 also performs appointment scheduling for all of the doctors and various

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