The HITECH Act Is a Subset of the Original HIPAA

question 10

True/False

The HITECH Act is a subset of the original HIPAA legislation.

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Definitions:

Bank Account Balance

The amount of money held in a bank account at any given moment.

Internal Control

Encompasses the procedures and policies implemented by an organization to safeguard its assets, ensure accurate and reliable financial reporting, and comply with laws and regulations.

Outstanding Checks

Checks issued by a company that have been recorded in its books but have not yet been cashed by the recipient.

Deposits In Transit

Deposits in transit refer to money that has been received and recorded by a business but not yet by its bank, often because of time needed for the banking processing.