Title: Section 98-3.10 - Communication of internal control related matters noted in an audit

Effective Date

11/10/2015

Section 98-3.10 Communication of internal control related matters noted in an audit.

(a) In addition to the annual audited financial report, every MCO shall obtain from its CPA a written communication stating whether or not the CPA has noted any unremediated material weaknesses in the MCO’s internal control over financial reporting during the audit. The communication prepared by the CPA shall also contain a description of any unremediated material weakness as of December 31 of the immediately preceding year.

(b) The MCO shall provide a description of remedial actions taken or proposed to correct unremediated material weaknesses, if the actions are not described in the CPA’s communication.

(c) The MCO shall submit the written communication to the Commissioner as part of the filing of each annual audited financial report filed with the Commissioner, as required by 10 NYCRR 98-1.16(c).

Volume

VOLUME A-2 (Title 10)

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