Has your practice received U.S. Department of Health & Human Services (HHS) Provider Relief Funds to address cost increases and revenue losses due to the Coronavirus?
Did you receive funds that totaled over $750,000?
If so, you may need an audit of the program expenditures. Many healthcare practices do not realize that Providers who received Provider Relief Funds of $750,000 or more are required to have a ‘program audit’ which must be performed by a CPA and finalized within 9 months after the Provider’s year end.
Federal grants are provided specifically to benefit the public in some way. A program audit ensures that awards are being used appropriately in accordance with the specific program requirements of the funding agency and that recipients are complying with all laws and regulations. We accomplish this by analyzing your organization’s financial statement information, closely reviewing revenue and expenditures of program funds, gaining an understanding of and testing internal controls used in administering federal awards, and assessing compliance with the significant requirements of each program.
Our team understands the complex requirements involved with program audits. We work with dozens of organizations in Delaware and surrounding areas conducting single audits and providing guidance on related issues. BLS goes beyond simple compliance to add bottom line value to every audit engagement.
Provider Relief Funds Program Audit
- Closely review revenue and expenditures of federal funds
- Gain an understanding of your internal controls used in administering the federal funds
- Assess compliance with HHS outlined requirements
Let’s Get Started
Complete the form below and a member of our team will follow up with you promptly.