2024 Health Care Entities - Audit and Accounting Guide

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Industry-specific guidance and practical tools

As the industry's standard comprehensive resource, this guide will help you understand the accounting and auditing issues that are pervasive in, or unique to, health care entities, as well as the regulatory requirements of the health care industry. This guide has been prepared and reviewed by industry experts to provide practical guidance and tools for those who prepare financial statements of health care entities and those who audit and report on those financial statements.

Updated standards

Some of the most recent guidance that has been incorporated into this edition of the guide includes the following audit and accounting updates from GASB and FASB:

• FASB ASU No. 2016-13, Financial Instruments — Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, and related amendments
• FASB ASU No. 2021-08, Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers
• FASB ASU No. 2021-10, Government Assistance (Topic 832): Disclosures by Business Entities about Government Assistance
• FASB ASU No. 2022-01, Derivatives and Hedging (Topic 815): Fair Value Hedging — Portfolio Layer Method
• GASB Statement No. 87, Leases
• GASB Statement No. 91, Conduit Debt Obligations
• GASB Statement No. 94, Public-Private and Public-Public Partnerships and Availability Payment Arrangements
• GASB Statement No. 96, Subscription-Based Information Technology Arrangements
• GASB Statement No. 99, Omnibus — 2022
• SAS No. 142, Audit Evidence
• SAS No. 143, Auditing Accounting Estimates and Related Disclosures
• SAS No. 144, Amendments to AU-C Sections 501, 540, and 620 Related to the Use of Specialists and the Use of Pricing Information Obtained From External Information Sources
• SAS No. 145, Understanding the Entity and Its Environment and Assessing the Risks of Material Misstatement
• SAS No. 148, Amendment to AU-C Section 935

Who Will Benefit

• Management accounting and other financial professionals at health care entities
• CPAs at auditing firms who perform engagements in the health care industry

Key Topics

• Recent FASB and GASB standard updates
• Compliance supplement changes
• New auditing standards
• Practical tools and illustrative examples