What’s an accounting of disclosures?
For a disclosure of medical information about an individual, an accounting is a record of: • The date of the disclosure • The name of the person or entity who received the information • A brief description of the information disclosed • A brief statement of the purpose of the disclosure (or, as an alternative, a copy of the request for a disclosure) An accounting is sometimes called a disclosure history. The requirement for health care institutions to maintain an account of disclosures comes from the federal HIPAA health privacy rule.
Related Questions
- Section 1506, Accounting Changes, requires disclosures about future changes in accounting standards. Do private enterprises have to make these disclosures between now and the adoption of the new standards?
- Must the disclosures about accounting policies for derivatives be in one place? Can disclosures be placed in various footnotes throughout the financial statements?
- What unique challenges does this market segment face as it relates to fair value accounting and disclosures?
