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Expect Changes on Your 2021 Plan Year Employee Benefit Plan Audit
Due to newly released accounting standards, expect significant changes in both the audit process and the financial statement and management communication deliverables. The American Institute of Certified Public Accountants (AICPA) has issued a new standard [...]
Key Factors that Drive Reimbursement in the PDPM Model
PDPM or Patient-Driven Payment Model is the new Medicare reimbursement system. It introduces a number of changes compared to the historical RUG-IV model. It is designed to address each patient’s unique needs independently and encourages [...]
A Blueprint for Nonprofit Revenue Recognition Implementation
Ready or not, revenue recognition is changing. Two major new accounting standards — Accounting Standards Codification 606, Revenue from Contracts with Customers (Topic 606) and Accounting Standards Update 2018-08, Clarifying the Scope and the Accounting [...]