New Jersey Administrative Code
Title 13 - LAW AND PUBLIC SAFETY
Chapter 45B - PERSONNEL SERVICES
Subchapter 13 - HEALTH CARE SERVICE FIRMS
Section 13:45B-13.5A - Audits
Universal Citation: NJ Admin Code 13:45B-13.5A
Current through Register Vol. 56, No. 18, September 16, 2024
(a) Commencing May 21, 2021, and every third year from that date, a health care service firm shall submit an audit to the Division that complies with the requirements of (b) below as part of the renewal of registration required under N.J.A.C. 13:45B-13.5.
(b) The audit required by (a) above shall:
1. Be conducted by a certified public
accountant licensed in New Jersey and shall encompass an examination of the
health care service firm's financial records, financial statements, the general
management of its operations, and its internal control systems;
2. Include an audit report with an
unqualified opinion and shall be accompanied by any management letters prepared
by the auditor in connection with the audit commenting on the internal controls
or management practices of the health care service firm; and
3. Be divided into two components of which:
i. One is a compliance component that
evaluates the health care service firm's compliance with laws and rules
governing health care service firms; and
ii. One is a financial component that
includes an audit of the financial statements and accompanying notes, as
specified in the Statements on Auditing Standards issued by the American
Institute of Certified Public Accountants.
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