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Several Types of Audits (Examination of Records)are Conducted in Health

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Several types of audits (examination of records) are conducted in health care environments.Which of the following audits would be appropriately used to review a client's health while the client is still in hospital?

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Definitions:

Initial Capital Investment

The total amount of money used to start a business or project, including costs for property, equipment, and legal fees.

Accounting Rate of Return

A financial ratio that measures the return on investment from assets, indicating the efficiency of generating profits from its resources.

After-Tax Net Income

The amount of income that remains after all applicable taxes have been subtracted from the total revenue.

Initial Investment

The original sum of money used to start a business venture or investment.

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