2017 One-Third Financial Audit Civil Money Penalties
Guidance for CMS required annual audit of the financial records of at least one-third of the Medicare Advantage Organizations and Prescription Drug Plans. The one-third financial audit program examines the health plans’ financial records, internal controls over payment disbursements, Medicare utilization and costs, and the computation of Parts C & D bids.
Issued by: Centers for Medicare & Medicaid Services (CMS)
Issue Date: June 28, 2017
DISCLAIMER: The contents of this database lack the force and effect of law, except as authorized by law (including Medicare Advantage Rate Announcements and Advance Notices) or as specifically incorporated into a contract. The Department may not cite, use, or rely on any guidance that is not posted on the guidance repository, except to establish historical facts.