Auditing and Monitoring

Question 1

Describe how the number 30 relates to audits.

Answer 1

30 is related to the sample size that is the midpoint of the range for probe audits

Question 2

A population of 10,000 items is getting audited. List in order of sample size from least sample size to most the audits that can be done.

Answer 2

• Probe
• Discovery
• Full statistical audit

Question 3

A healthcare provider must repay to Medicare money paid for a specific type of billed claim. What type of audit is the MOST likely one used to identify the amount of repayment?

Answer 3

full statistical audit

Question 4

For an audit to provide a 100% confidence level of something being audited, what must occur?

Answer 4

The only way to obtain 100% confidence is to audit 100% of the population

Question 5

Which of the following would always require the largest sample size, an audit done at the 95% confidence level or an audit done at the 99% confidence level?

Answer 5

Unable to determine since sample size is a function of both the confidence level and the margin of error which based on the question we do not know. (Hint: watch out
when you see words such as “always”)

Question 6

.Auditing and monitoring contribute to the effectiveness of a compliance program because of their ability to……

Answer 6

Detect