Types Of Audit Of A Hospital Essay

Types Of Audit Of A Hospital Essay

Length: 773 words (2.2 double-spaced pages)

Rating: Better Essays

Open Document

Essay Preview

Types of audits in Hospital:
• Prescription Audit
• Financial Audit
• Quality Audit
• Mortality Audit
• Third Party Audit
• Internal Audit
• Clinical Audit
Different types of auditing are done in the hospitals to check the veracity of the records and to check the adherence of the organisation to the rules laid.
Prescription audit:
Prescription audit consists of study of the prescriptions that are prescribed by the doctors to study the patterns of drugs prescribed and weather they follow the guidelines that are put forth by the organisation. Prescription audits are useful in generating data on morbidity, which forms the basis for preparing the list of essential medicines. Mechanisms necessary for improving prescription practices are suggested.
Financial audit:
Financial audit of a hospital include audit of financial statements and related information of the hospital. The process of auditing of a hospital according to the Indian institute of charted accountants includes:
1. Vouch the patients Register with bill copies issued to them. For a selected period verify the patients’ attendance record and check the correctness. Check weather bills have are issued to all patients from whom amount was taken.
2. Compare Cash Book with the receipts, counterfoils and other evidence.
3. See with reference to property and Investment Register if income that is to be received through rent on properties, dividends, and interest on securities settled on the hospital, has been collected.
4. Check if legacies and donations received for a specific purpose have been applied in the manner agreed upon.
5. Track collections of donations from the Cash Book to Registers.
6. Verify that the capital expenditure was incurred only with the permissions of Trustee...


... middle of paper ...


..., training records, observation of process etc.
Third party audit:
Third party audit is an external audit. These audits are performed by independent organisations such as registrars and regulators. They are used for certification and verification of hospitals. The third party audits are required by law and sometimes are done voluntarily. They are mainly concerned with Performance Improvement Plan, Organizational Charts, Records including training records, Observation of the processes within the scope of the audit.
Clinical audit:
Clinical audit is defined as “quality improvement process that seeks to improve patient care and outcomes through systematic review of care against explicit criteria and implementation of charges”. It checks that what should be done are being done and recommends or provides a frame work to enable improvements to be made with in the hospital.

Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »

Audit Analysis : Audit Management Essay

- Audit Management I will try to discuss many of the things you will need to know before you start the review process. I know I may not address everything, however, I will ensure that all the inspection reference and policies are available for your review. Reviewing audits will take up the majority of your time; reviewing audit is at the highest priority when it comes all the other duties you will need to perform. IAW AIPH MEMO B13-01 follows a hierarchical process which follows the chain of command....   [tags: Audit, Auditing, Auditor's report]

Better Essays
1734 words (5 pages)

Audit Report On The Audit Essay

- The term audit is being used with increased repetition and not just in the financial sector but also in education, medicine and environment among other issues. Audit tries to deliver higher accountability, precision and standards to the users of financial standards, especially since the separation between ownership and management had occurred in the 19th century, and with it the need of the stakeholders of being assured that their investments are in reliable hands. A definition of audit is given by Crawford et al and it signalises the expectation of the users regarding the audit report....   [tags: Audit, Financial audit, Auditing]

Better Essays
1358 words (3.9 pages)

Presentation Of Pricewaterhousecoopers Audit Report Essay

- Minutes The minutes of the June 19, 2015 meeting were approved. Presentation of PriceWaterhouseCoopers Audit Report Mr. Eric Schwartz of PriceWaterhouseCoopers (PwC) provided the Audit Committee with a presentation of the audit of fiscal 2015 consolidated financial statements of Dartmouth Hitchcock-Health and Subsidiaries. PriceWaterhouseCoopers issued an unmodified opinion on the consolidated financial statements. Areas identified for audit procedures for NLHA include entity levels controls, revenue, long-term debt, fixed assets, salaries and benefits and consideration of fraud....   [tags: Auditing, Audit, External auditor]

Better Essays
989 words (2.8 pages)

The Modernization Of Hospitals And Hospital Services Essay

- Hospital Downsizing The modernization of hospitals and hospital services can be traced back to 1840 when facilities began to change their focus from caring for the impoverished and mentally ill, to becoming a place known for providing complete health care to the population. After the Second World War, the government identified a deficiency in the health care system and the response to was passage of the Hill-Burton Free and Reduced Cost Health Care Act in 1946. The Hill-Burton Act provided government subsidies to aid in the construction and modernization of local government hospitals as well as not-for-profit facilities....   [tags: Health care, Patient, Hospital, Medicine]

Better Essays
1128 words (3.2 pages)

Evaluation Of The Internal Audit Essay

- The purpose of the internal audit is to protect Costco 's assets through evaluating the acceptability and efficiency of internal controls; recognizing areas of possible risk, revenue improvement and/or cost reductions; and making sure transactions are authorized, completed, and logged as proposed. The internal auditors are accountable for guiding audits of all Costco’s local and global activities, its affiliates, and other entities Costco conducts business with as deemed necessary by management....   [tags: Auditing, Internal control, Audit]

Better Essays
723 words (2.1 pages)

Essay on Audit Plan For An Internal Audit

- BACKGROUND According to the audit plan approved by GARC for 2016, an internal audit was undertaken of the IT function in Auckland in April 2016. For KVB Group, most of the IT services are delegated to BancLogix System Co. Limited in Hong Kong, a fully-owned subsidiary of KVB Kunlun Holdings Limited. BancLogix provides both IT operations and application development services for the whole KVB Group. A small IT operation team is based in KVB Kunlun International (HK) Limited to provide an infrastructure level and partial application level support to the listed company and its subsidiaries....   [tags: Audit, Financial audit, Auditing, Access control]

Better Essays
1183 words (3.4 pages)

Roles And Responsibilities Of An Internal Audit Function Essay

- 1) According to the article authored by Mark Rupert, what are the seven best practices in the roles and responsibilities of an internal audit function. a. The seven best practices in the roles and responsibilities of an internal audit function include: i. Perform a risk assessment and determine the level of risk
 ii. Understand laws and regulations
 iii. Obtain and/or establish policies for specific issues and areas
 iv. Educate on the policies and procedures and communicate awareness v. Monitor compliance with laws, regulations, and policies vi. Audit the highest risk areas
 vii. Re-educate staff on regulations and issues identified in the audit 2) Describe some general differences betw...   [tags: Auditing, Audit, Internal control, Internal audit]

Better Essays
1665 words (4.8 pages)

Future Of Big Data And Analytics On The Audit Profession Essay

- Future of Big Data in Audit As audit firms look to invest in big data, it will be even more critical to understand the implications of using big data and analytics on the audit profession. There are multiple ways in which data analytics would enhance the effectiveness and efficiency of external audits. From looking at the complete population, to finding trends, to allowing employees to do less routine tasks, there are multiple ways big data benefits audits. Big data would also enhance critical procedures performed for the sales and collection cycle....   [tags: Audit, Financial audit, External auditor]

Better Essays
1373 words (3.9 pages)

Hospital And Treatment Of Hospital Essay

- Imagine one day being in the hospital and you actually end up with more problems that what you originally went in there for. That sounds odd, going to the hospital to try and get better but ending up worse or with something different. This is called a hospital acquired infection, it sounds bad, and it is but it is a serious matter that is preventable. Hospital errors have become the third leading cause of death in the United States, killing 440,000 Americans annually (Hospital Errors, 2013). According to the Centers for Disease Control and Prevention on any given day about 1 and 25 hospital patients has at least one healthcare associated infection....   [tags: Patient, Hospital, Health care provider, Medicine]

Better Essays
2383 words (6.8 pages)

An Evaluation Of An Audit Essay

- Not all audit engagements are the same; reviews and financial statement audits provide different scopes and varying levels of assurance. According to the AICPA’s AU-C Section 930, a review is performed to, “obtain a basis for reporting whether the auditor is aware of any material modifications that should be made to the interim financial information.” The PCAOB in AS 4105 also places importance on awareness of material modifications that should be made to financial statements. In their legal defense against a lawsuit from a California bank, Ernst & Whinney accurately stated that, a review is not suitable for “expressing an opinion about whether the financial statements are presented fairly”...   [tags: Audit, Financial audit, Auditor's report, Auditing]

Better Essays
878 words (2.5 pages)