Financial Reporting for Non-MSP Debt (Rev. 11787; Issued:01-

70.15.1 - Financial Reporting for Non-MSP Debt (Rev. 11787; Issued:01- 19-23; Effective: 04-21-23; Implementation:04-21-23) The contractor not utilizing HIGLAS shall continue to report the debt at their location for financial reporting purposes. Debt referred to Treasury for cross servicing shall not be transferred out on the Form CMS 751 (Status of Accounts Receivable). See Chapter 5 for Financial Reporting instructions. The contractor not utilizing HIGLAS shall continue to accrue and report interest in its internal systems on a debt after the debt has been referred for cross servicing. Contractors shall follow the instructions outlined in Chapter 5, Section 270. The contractors shall report and post all activities related to these debts according to CMS guidelines and instructions.