10 CRR-NY 98-3.10NY-CRR
STATE COMPILATION OF CODES, RULES AND REGULATIONS OF THE STATE OF NEW YORK
TITLE 10. DEPARTMENT OF HEALTH
CHAPTER II. ADMINISTRATIVE RULES AND REGULATIONS
SUBCHAPTER R. HEALTH MAINTENANCE ORGANIZATIONS
PART 98. HEALTH MAINTENANCE ORGANIZATIONS
SUBPART 98-3. MANAGED CARE ORGANIZATIONS—AUDITED FINANCIAL STATEMENTS
10 CRR-NY 98-3.10
10 CRR-NY 98-3.10
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 31st 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 section 98-1.16(c) of this Part.
10 CRR-NY 98-3.10
Current through September 15, 2021
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IMPORTANT NOTE REGARDING CONTENT CURRENCY: The "Current through" date indicated immediately above is the date of the most recently produced official NYCRR supplement covering this rule section. For later updates to this section, if any, please: consult editions of the NYS Register published after this date; or contact the NYS Department of State Division of Administrative Rules at [email protected]. See Help for additional information on the currency of this unofficial version of NYS Rules.