In October 2022, the American Institute of Certified Public Accountants’ (AICPA) Government Audit Quality Center (GAQC) issued guidance on audit requirements for for-profit healthcare entities that received $750,000 or more in pandemic-related relief funds from the U.S. Department of Health and Human Services (HHS).
This guidance is intended to assist auditors of for-profit entities subject to audit requirements related to awards from the Provider Relief Fund program and other HHS programs and their for-profit clients. The guidance is comprehensive and provides:
- A discussion of the HHS audit requirements, with a focus on the GAGAS financial audit option.
- Audit scope considerations.
- A description of the complex nuances of the PRF program and how they impact the audit.
- Frequently asked questions, illustrative schedules, notes, and auditor reports.
- A primer onÌýGovernment Auditing Standards.
- References to other GAQC and AICPA resources that may be useful.
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