Reporting Practices and Ethics Paper
Ruby Anderson
HCS/405
12/15/14
Jennifer Noren

Reporting Practices and Ethics Paper
Financial reporting practices and ethical Standards in health care
Generally accepted accounting principles are shaped by economic and political forces. It follows increased world-wide integration of both markets and politics. Since most market and political forces are driven by reductions in communication and information processing costs makes them remain local for foreseeable future thus making it unclear on how much coverage should actually occur. There is some evidence on which build an assessment of the advantages and disadvantages of uniform accounting rules within a country, let alone internationally. “A deeper concern is that there inevitably will be substantial differences among countries in implementation of IFRS, which now risk being concealed by a veneer of uniformity. The notion that uniform standards alone will produce uniform financial reporting seems naive” (Taylor and Francis online, 2006). Fraud and abuse in health care is unfortunate but also common. Although there is not a precise measure of fraud or abuse it does still exist and can cost tax payers billions of dollars while putting welfare and beneficiaries at risk. According to (Department of Health and Human Services, 2014) Medicare fraud and abuse increases the strain on the Medicare trust fund, where the impact of those losses and risks magnify as Medicare continues to grow in population in the people they offer service to. Fraud is when you knowingly submit false statements or make misrepresentations of fact to obtain a federal health care payment, soliciting, paying or receiving reward referrals, billing for equipment or services that are not furnished, falsifying records and items in billing. Defrauding the Federal government and its programs is Illegal.