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Audit (A-02-08-01026)

Audit of Cooperativa de Seguros de Vida de Puerto Rico’s Final Administrative Cost Proposals for Fiscal Years 2005 Through 2007

Executive Summary

Cooperativa de Seguros de Vida de Puerto Rico (COSVI) reported expenditures in its Final Administrative Cost Proposals, totaling $10.3 million that substantially complied with Federal Acquisition Regulations and the Medicare contract provisions. However, COSVI claimed approximately $62,000 in unallowable costs.

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