Which federal agency's guidance includes criteria on unbiased judgment and independence for IROs?

The correct answer reflects the involvement of both the American Institute of Certified Public Accountants (AICPA) and the Securities and Exchange Commission (SEC) in establishing criteria that promote unbiased judgment and independence for Independent Review Organizations (IROs).

The AICPA provides standards and guidance for professional accountants, including elements that reinforce the importance of impartiality in audits and reviews, which are essential for ensuring the credibility and integrity of financial reporting. This guidance establishes the expectations for independence that IROs must adhere to when providing their services.

Meanwhile, the SEC oversees securities markets and has regulatory authority over public companies that often necessitates that IROs maintain independence to avoid any conflicts of interest that could compromise their evaluations. The SEC emphasizes the need for unbiased judgment in its regulations, ensuring that all investors receive fair and accurate information.

By integrating guidance from both the AICPA and SEC, IROs are better equipped to operate effectively and uphold compliance within the healthcare sector, ensuring their assessments are objective and reliable, which is essential for maintaining public trust and regulatory compliance.