Audit II Project – Lab Invoice Audit
Order ID 53563633773 Type Essay Writer Level Masters Style APA Sources/References 4 Perfect Number of Pages to Order 5-10 Pages Description/Paper Instructions
Audit II Project – Lab Invoice Audit
Audit II Project – Lab Invoice Audit
Your CPA firm is currently performing the annual financial statement audit of St. Patrick’s Hospital and you are part of the engagement team as an Auditor. The Audit Manager has returned from a discussion with the Director of Laboratory Services and is concerned that the Hospital is paying the monthly lab bill received from Healthy Diagnostics without the Hospital’s Laboratory Services Department performing any review or analysis of the invoice. The Manager learned that the monthly invoice is received by the Laboratory’s Administrative Assistant and immediately forwarded to Accounts Payable for processing. The Director of St. Patrick’s Laboratory Services Department indicated that he does not have time to perform an analysis of the invoices and is 100% sure the invoices are accurate. The Audit Manager has assigned you the responsibility to audit three monthly lab invoices to test for the following:
- Monthly invoice detail received from Healthy Diagnostics equals the amount of the monthly payments made by St. Patrick’s
- All test charges listed on the invoices agree to the “Lab Price Per Test” that Healthy Diagnostics and St. Patrick’s agreed to (Agreed Upon “Lab Price Per Test” is included in Excel spreadsheet)
- If Healthy Diagnostics included the same charge on more than one invoice
You have been given an Excel file which includes the following worksheets:
- Agreed Upon “Lab Price Per Test”
- Invoice Detail for the months of Sept 2010, Oct 2010 & Nov 2010
- Invoices detail include the following:
- Healthy Diagnostic Invoice #
- Patient ID
- Date of Service
- Service Code (This is the Test Code – which test was performed)
- Price charged per test
- If an invoice showed no charge for a particular test; that indicates there was not enough of the sample to perform the test and the Lab did not charge the hospital. Any test that shows $0 charge is correct and not an error.
You determined that St. Patrick’s paid the following Healthy Diagnostic invoices:
Invoice Number Invoice Month Date Paid by St. Patrick’s
Amount Paid 9135130450 Sept 2010 October 10, 2010 $67,759.48 9135610675 Oct 2010 November 9, 2010 $60,755.27 9136049051 Nov 2010 December 12, 2010 $73,453.09 After you perform the audit, The Audit Manager wants you to prepare a report indicating what issues you identified including if St. Patrick’s overpaid any invoice and if so, how much. Report should be a 1 to 2 page report that indicates the details of your findings.
Project Points
- Utilize Excel to analyze the date
- Suggestion – put all invoices into one excel worksheet and then perform your testing
- Part 1 – Written Analysis
- Complete analysis of the following: (Make it organized, easy to read and understand)
- Determine if the monthly invoice detail received from Healthy Diagnostics equals the amount of the monthly payments made by St. Patrick’s. If not, calculate error.
- Determine that all test charges listed on the invoices agree to the “Lab Price Per Test” that Healthy Diagnostics and St. Patrick’s agreed to (Agreed Upon “Lab Price Per Test” is included in Excel spreadsheet). If not, calculate error.
- Determine if Healthy Diagnostics included the same charge on more than one invoice. (Duplicate Charge) If so, calculate error.
- Audit Report
RUBRIC
QUALITY OF RESPONSE NO RESPONSE POOR / UNSATISFACTORY SATISFACTORY GOOD EXCELLENT Content (worth a maximum of 50% of the total points) Zero points: Student failed to submit the final paper. 20 points out of 50: The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. 30 points out of 50: The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately. Elements of the required response may also be lacking. 40 points out of 50: The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples. The answer is complete. 50 points: The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples. No aspects of the required answer are missing. Use of Sources (worth a maximum of 20% of the total points). Zero points: Student failed to include citations and/or references. Or the student failed to submit a final paper. 5 out 20 points: Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper. 10 out 20 points: References to scholarly sources are occasionally given; many statements seem unsubstantiated. Frequent errors in APA 6th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources. 15 out 20 points: Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented. APA 6th Edition is used with only a few minor errors. There are minor errors in reference and/or citations. And/or there is some use of questionable sources. 20 points: Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented. APA 6th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment. Grammar (worth maximum of 20% of total points) Zero points: Student failed to submit the final paper. 5 points out of 20: The paper does not communicate ideas/points clearly due to inappropriate use of terminology and vague language; thoughts and sentences are disjointed or incomprehensible; organization lacking; and/or numerous grammatical, spelling/punctuation errors 10 points out 20: The paper is often unclear and difficult to follow due to some inappropriate terminology and/or vague language; ideas may be fragmented, wandering and/or repetitive; poor organization; and/or some grammatical, spelling, punctuation errors 15 points out of 20: The paper is mostly clear as a result of appropriate use of terminology and minimal vagueness; no tangents and no repetition; fairly good organization; almost perfect grammar, spelling, punctuation, and word usage. 20 points: The paper is clear, concise, and a pleasure to read as a result of appropriate and precise use of terminology; total coherence of thoughts and presentation and logical organization; and the essay is error free. Structure of the Paper (worth 10% of total points) Zero points: Student failed to submit the final paper. 3 points out of 10: Student needs to develop better formatting skills. The paper omits significant structural elements required for and APA 6th edition paper. Formatting of the paper has major flaws. The paper does not conform to APA 6th edition requirements whatsoever. 5 points out of 10: Appearance of final paper demonstrates the student’s limited ability to format the paper. There are significant errors in formatting and/or the total omission of major components of an APA 6th edition paper. They can include the omission of the cover page, abstract, and page numbers. Additionally the page has major formatting issues with spacing or paragraph formation. Font size might not conform to size requirements. The student also significantly writes too large or too short of and paper 7 points out of 10: Research paper presents an above-average use of formatting skills. The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. 10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper. GET THIS PROJECT NOW BY CLICKING ON THIS LINK TO PLACE THE ORDER
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