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Article: Roth: kill fees for 'revenue recoverers.' (William V. Roth of Delaware)
- Article from:
- Accounting Today
- Article date:
- March 4, 1991
- Author:
CopyrightCOPYRIGHT 1991 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Roth: Kill Fees for |Revenue Recoverers'
WASHINGTON - Congress is eyeing new legislation to outlaw the use of contingent fee arrangements by auditors at so-called "revenue recovery" firms.
The bill, introduced by Sen. William Roth (R-Del.), is designed to curb abusive auditing practices by organizations set up to "recover" funds from Medicare and Medicaid on behalf of hospitals.
The proposal is expected to draw close scrutiny from a number of major public accounting firms which have established lucrative revenue recovery sidelines.
The abuses associated with recoverers came to light last year when the Senate Permanent Investigations ...