Discuss the five financial statement types. How are they specifically related? What elements of the financial statements are most important to the hospital’s operation? Discuss the reasons why the six...

Discuss the five financial statement types. How are they specifically related? What elements of the financial statements are most important to the hospital’s operation?

Discuss the reasons why the six items most likely to receive an audit adjustment are so sensitive. Why should the health care organization spend so much time on each of these items?