N.J. Admin. Code § 8:31B-4.8
Current through Register Vol. 56, No. 21, November 4, 2024
Conservatism is a quality of judgement to be exercised in evaluating the uncertainties and risks present in the hospital entity to assure that reasonable provisions are made for potential losses in the realization of recorded assets and in the settlement of actual and contingent liabilities. However, conservatism is not justification for excessively high or low estimates.
N.J. Admin. Code § 8:31B-4.8