title: Accounting and accountability: observations on the AHERF settlements.
abstract: Recent enforcement proceedings involving health care and accounting--relating primarily to the Allegheny Health, Education and Research Foundation (AHERF)--have sparked renewed interest in the activities of the U.S. Securities and Exchange Commission in the municipal securities market. Officials and accountants who are working for public-sector issuers in the healthcare industry have responsibilities under the Federal securities laws. Other issues of relevance include disclosure in the secondary market as well as upon initial issuance, and the significance of antifraud actions in other areas.
authors.affiliation: Office of Municipal Securities, U.S. Securities and Exchange Commission, Washington, D.C., USA.
authors.forename: P S
authors.initials: PS
authors.lastname: Maco
authors.forename: S J
authors.initials: SJ
authors.lastname: Weinstein
mesh_terms: D000066:Accounting / Q000592:standards*; D016361:Bankruptcy; D002202:Capital Financing; D008192:Deception; D005607:Fraud / Q000331:legislation & jurisprudence*; D019981:Health Care Sector; D006788:Hospitals, Voluntary / Q000191:economics / Q000331:legislation & jurisprudence; D006801:Humans; D007449:Investments; D009096:Multi-Institutional Systems / Q000191:economics* / Q000331:legislation & jurisprudence; D010414:Pennsylvania; D012941:Social Responsibility; D014342:Truth Disclosure