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Audit & Assurance

Upgrade Your Audit Experience & Gain Valuable Insight into Risk Areas

Your hospital is focused on growth and patient care, while lenders, rating agencies and the public are focused on your financial statements. That’s why you want reputable auditors who issue reports that inspire confidence, understand the nuances of health care and have a track record of excellence.

Experience translates into value, which is why our professionals have provider-type specialization that brings insight beyond the report to help you to identify opportunities. Our dedicated health care team allows you to invest your time in growth strategies instead of educating audit staff or transitioning to another audit firm.

Financial Statement Audit

During our audit procedures, BKD isn't simply looking for findings to report. We're looking for opportunities to advise you on more efficient ways to address regulations and make suggestions for operational and financial reporting improvements.

One of the hallmarks of our audit approach is working through issues with our clients year-round. From staff to partners, we're accessible to advise you and act as a sounding board as you consider various accounting and operational decisions.

Our experience provides valuable insight into these risk areas:

  • Accounts receivable valuations
  • UBI
  • Insurance reserves
  • Internal controls
  • Investment valuation
  • Revenue recognition
  • Third-party settlement

Employee Benefit Plan Audit

BKD audits more than 1,200 employee benefit plans a year, helping clients with complex and specialized accounting, financial reporting, tax (plan qualification) regulations and legal requirements. Auditor expertise is especially critical in this area because the U.S. Department of Labor (DOL) scrutinizes the filed annual reports and can fine the plan administrator for deficiencies in the audited financial statements. The DOL also can review the audit workpapers for adherence to professional standards.

340B Program Audit

Would you be ready for a 340B program audit if HRSA called you today? BKD can help give you peace of mind when it comes to program compliance. Learn more about our 340B services.

HUD Audit

Many of our clients finance their operations through a variety of methods, including bonds and various loan programs offered by the U.S. Department of Agriculture (USDA) and U.S. Department of Housing and Urban Development (HUD). We provide HUD audits to health care providers nationwide and can tailor a solution that meets your needs. Learn more

Nationally Recognized Expertise

When we say our professionals are dedicated to the industry, we mean it. BKD's trusted advisors chair and serve on prominent boards, task forces and accounting associations. Here’s a closer look at the posts our professionals have held:

  • Chair of the AICPA Board of Directors
  • Chair of the AICPA Health Care Expert Panel
  • Chair of the AICPA Health Care Entities Revenue Recognition Task Force
  • Member of the AICPA Health Care Audit Guide Committee
  • Member of the Principles and Practices Board of the Healthcare Financial Management Association (HFMA)
  • Member of the Financial Accounting Standards Board Not-for-Profit Advisory Committee
  • Member of the Governmental Accounting Standards Board Fiduciary Responsibilities Task Force
  • Member of the national HFMA Board of Directors
  • Member of the IRS Advisory Committee on Tax Exempt and Government Entities
  • Chair of the Home Care and Hospice Financial Managers Association’s (HHFMA) Advisory Board
  • Chair of the American College of Health Care Administrators Board of Directors
  • Member of the American Health Care Association’s Finance Committee

If audits are taking up too much of your valuable time, we invite you to complete the Contact Us form below to start a conversation about your pain points and concerns.

How can we help you?

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Locations

We have 38 offices in 17 states, with trusted advisors who offer solutions for clients across the country.

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