FINANCIAL REPORTING INSIGHTS |
Authored by RSM US LLP
We have updated the discussion about certain government assistance in our white paper, Coronavirus: Financial reporting considerations, to reflect the following:
- On June 11, 2021, the U.S. Department of Health and Human Services amended its reporting instructions to address Skilled Nursing Facilities and Nursing Home Infection Control Distribution payments from the Provider Relief Fund (PRF) and to extend the period of availability of funds for all PRF distributions received subsequent to June 30, 2020.
- Recipients of PRF distributions should look for additional guidance to be included in the 2021 OMB Compliance Supplement, which is expected to further clarify the requirements and guidance related to the PRF distribution recipients’ compliance with those requirements and guidance.
Refer to our white paper for additional information about the wide spectrum of accounting and financial reporting issues related to the coronavirus pandemic.
This article was written by RSM US LLP and originally appeared on 2021-06-25.
2021 RSM US LLP. All rights reserved.
RSM US Alliance provides its members with access to resources of RSM US LLP. RSM US Alliance member firms are separate and independent businesses and legal entities that are responsible for their own acts and omissions, and each is separate and independent from RSM US LLP. RSM US LLP is the U.S. member firm of RSM International, a global network of independent audit, tax, and consulting firms. Members of RSM US Alliance have access to RSM International resources through RSM US LLP but are not member firms of RSM International. Visit rsmus.com/about us for more information regarding RSM US LLP and RSM International. The RSM logo is used under license by RSM US LLP. RSM US Alliance products and services are proprietary to RSM US LLP.
LaPorte is a proud member of the RSM US Alliance, a premier affiliation of independent accounting and consulting firms in the United States. RSM US Alliance provides our firm with access to resources of RSM US LLP, the leading provider of audit, tax and consulting services focused on the middle market. RSM US LLP is a licensed CPA firm and the U.S. member of RSM International, a global network of independent audit, tax and consulting firms with more than 43,000 people in over 120 countries.
Our membership in RSM US Alliance has elevated our capabilities in the marketplace, helping to differentiate our firm from the competition while allowing us to maintain our independence and entrepreneurial culture. We have access to a valuable peer network of like-sized firms as well as a broad range of tools, expertise, and technical resources.
For more information on how LaPorte can assist you, please call 713.548.2034.