Medicare Financial Management Manual (Pub. 100-06), Ch. 7 § 30.7
Material Weaknesses Identified During the Reporting Period
30.7 - Material Weaknesses Identified During the Reporting Period
(Rev. 331, Issued: 11-15-19, Effective: 10-01-19, Implementation: 12-17- 19)
The evaluation of your internal control environment should be an ongoing process
throughout the fiscal year. It should not be a once-a-year event, which occurs prior to
submission of your annual CPIC. The identification and reporting of material weaknesses
should not wait until the end of the CPIC reporting period. During the reporting period, if
material weaknesses are identified, send an electronic Initial CAP report within 45 days
of identifying the problem, via E-mail, to CAPS@cms.hhs.gov. (See Section 40.4).
Within that same time frame A/B, DME, and Specialty MACs are required to provide
written notification, to your Associate Regional Administrator for Financial Management
and Fee for Service Operations, RO CFO Coordinator, and the COR of the A/B, DME,
and Specialty MAC, RDS, and MSPRC shall send to the CMS COR.
End Section 30.7 – Material Weaknesses Identified During the Reporting Period: Back to
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