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Hospital authority approves $910,000 KPMG engagement to review accounting and operations
Summary
The Hospital Authority Board approved a capped $910,000 engagement with KPMG to review accounting, financial reporting and operational processes, with work scheduled to start May 1 and include two board briefings.
The Hospital Authority Board approved a contract with KPMG for accounting, financial reporting and operational-efficiency advisory services on a motion that passed during the board meeting.
The engagement was described to the board as a roughly three-month advisory project with a total negotiated cap of $910,000 that includes a weekly consulting cap and a $100,000 flat fee. The presenter said the fee cap is inclusive of expenses and that KPMG will be asked to use…
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