United States: Accounting and Audit

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Accounting law and audit law thought leadership, articles, podcasts, videos and webinars from expert sources across the legal world. Explore insights covering topics that involve accounting and audit law from specialists working in this area every day.
Article
Are Your Real Estate Books Costing You At Tax Time?
Poor monthly accounting practices can quietly increase tax liabilities for real estate owners by limiting visibility into key financial decisions throughout the year. Without timely, accurate financial data, opportunities to optimize expense timing, properly classify deductions, and align tax strategy with operations are often lost. Strong monthly accounting processes enable proactive tax planning rather than reactive year-end adjustments, potentially saving significant amounts in overpaid taxes.
United States Accounting
MG
MGO CPA LLP
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Audit

Article
HHS Expands Use Of AI In Detection Of Healthcare Fraud
The U.S. Department of Health and Human Services has launched a new initiative using artificial intelligence to analyze years of audit reports from federal healthcare funding recipients across all 50 states. This program, called AERO, aims to identify unaddressed audit deficiencies and combat healthcare fraud by leveraging AI tools like ChatGPT to review extensive audit documentation that would typically go unexamined.
United States Healthcare
SM
Sheppard, Mullin, Richter & Hampton LLP
Article
OIG Focuses On Prevention In New Medicare Advantage Risk Adjustment Report
The Office of the Inspector General (OIG) continues to focus on Medicare Advantage (MA) risk adjustment payments, issuing a report this week detailing its audit of MA risk adjustment payments based on acute stroke diagnosis codes that do not have corroborating hospital records. OIG found that submissions for all 97 sampled enrollees were not supported in the enrollee’s medical records, estimating $462 million in potential net overpayments in 2021.
United States Healthcare
M
Mintz
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Accounting Standards

Article
Are Your Real Estate Books Costing You At Tax Time?
Poor monthly accounting practices can quietly increase tax liabilities for real estate owners by limiting visibility into key financial decisions throughout the year. Without timely, accurate financial data, opportunities to optimize expense timing, properly classify deductions, and align tax strategy with operations are often lost. Strong monthly accounting processes enable proactive tax planning rather than reactive year-end adjustments, potentially saving significant amounts in overpaid taxes.
United States Accounting
MG
MGO CPA LLP
See more

Forensic Accounting

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Actuarial Services

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Latest Videos

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