The statement 'Fraud, Abuse, potential health privacy violation and unethical behavior are examples of issues that should be highlighted to compliance department' is True.
A successful compliance program promotes a compliance culture within an organization. For an effective compliance program it is necessary to
- Prevents, detects and corrects non-compliance.
- Is fully implemented and customized to an organization's particular operations and circumstances.
- Has sufficient resources
- Promotes the Organization's Standards of Conduct
- Establishes clear channels of communication for reporting non-compliance.
To avoid, identify, and address noncompliance as well as Fraud, Waste, and Abuse, an efficient compliance program is necessary (FWA). Non-compliance has an impact on everyone. Without tools it is difficult to prevent and everyone is at stake.
In case of unethical behavior or employee misconduct the organization can take following actions
- Exclusion from all Federal health care programs
- Discipline
- Termination
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Answer:
Explanation:
Discount bonds are issued on discounted price of their face value
Here discount = 11100000-9720000
= 1380000
on 1/07/2016
cash outflow or book value of bond
= 9720000
on 30/06/2017
interest paid = 999000
yield expected = 972000 ( 10% of issue price )
interest amortized
= 999000-972000 = 27000
book value = 9720000 + 27000
= 9747000
on 30/06/2018
interest paid = 999000
yield expected = 974700 ( 10% of book value )
interest amortized
= 999000-974700 = 24300
value amortized = 24300 + 27000 = 51300
book value = 9747000 + 24300
= 9771300
Amount unamortized
1380000 - ( 51300 )
= 1328700
Answer:
$29,500
Explanation:
The calculation of annual financial advantage (disadvantage) is shown below:-
If continues
Loss = Contribution - fixed cost
= $27,000 - $73,000
= $46,000 loss
If Eliminates,
Savings = Loss - Fixed cost
= $46,000 - $16,500
= $29,500
Therefore for computing the annual financial advantage (disadvantage) we simply deduct fixed cost from loss.
Answer:
The correct answer is C
Explanation:
HRM system is the system which is designed in order to automate the business process of human resource, compliance, transactions and payroll. This system allows the business to focus on the people through streamlining all the software workforce into the business intelligence solution.
Recruitment and selection is the procedure of identifying the requirement of job and defining the need of the position, advertising the position and selecting the appropriate person for the position.
Therefore, the recruitment and selection is the component of HRM system which uses the hiring procedure that comprise of testing and interviewing the professionals.
