CMS Contractor Cycle Memo

60 – CMS Contractor Cycle Memo (Rev. 308, Issued: 10-26-18 Effective: 09- 01- 18, Implementation: 11-27-18) This outline is provided to give the CMS contractor some guidelines on writing a cycle memo. The CMS contractor cycle memo narrative is a written summary for the transaction process. The narrative describes the initial point, the processing type, completion point, key activities, and supervisory or management review. Within the cycle memo, the key controls should be clearly identified by highlighting or underlining and should be clearly numbered with the control activity numbering structure so controls may be cross referenced to other documentation such as the control deficiency log and/or corrective action plans. The key controls are identified for A-123 testing. The key controls are those controls designed to meet the control objectives and cover management’s financial statement assertions. They are the controls that management relies upon to prevent and detect material errors and misstatements. Back to Table of Contents