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 Table of Contents