Complete Text of Report is available in PDF format (371 kb). Copies can also be obtained by contacting the Office of Public Affairs at 202-619-1343.
EXECUTIVE SUMMARY:
Our review showed that Palmetto’s: (1) accounting controls for generating a paid claims electronic file were generally adequate, and (2) monthly financial reconciliations were substantially accurate, supportable, and complete. However, we noted that the Multi-Carrier System is unable to generate a paid claims electronic file and this resulted in our being unable to reconcile total funds expended totaling approximately $1.7 million for Part B Ohio and West Virginia, and for the Railroad Retirement Board.