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Related Experiment Videos

Selecting a CPA firm.

J J Rossi, T R Prince

    Hospital Progress
    |April 1, 1978
    PubMed
    Summary
    This summary is machine-generated.

    Selecting a public accounting firm is a critical hospital administration process. Careful attention to identifying, evaluating, and preparing for prospective firms ensures a wise choice.

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    Area of Science:

    • Healthcare Administration
    • Financial Auditing

    Background:

    • Hospital financial oversight requires expert external auditing.
    • Selecting the right public accounting firm is crucial for financial integrity.

    Purpose of the Study:

    • To outline a systematic approach for hospital administrators to select a public accounting firm.
    • To enhance the decision-making process in choosing external auditors.

    Main Methods:

    • Identifying potential public accounting firms.
    • Establishing and applying specific selection criteria.
    • Managing the proposal and presentation phases.

    Main Results:

    • A structured selection process leads to informed administrative decisions.
  • Thorough evaluation of firms improves the likelihood of a successful engagement.
  • Conclusions:

    • Strategic selection of public accounting firms is vital for hospital governance.
    • Administrators can optimize auditor selection through careful planning and execution.