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Audit (A-07-09-00311)

03-25-2010
Review of Medicare Contractor’s Pension Segmentation Requirements at First Coast Service Options, Inc., for the Period January 1, 2003, to January 1, 2008

Executive Summary

First Coast Service Options, Inc. (FCSO), overstated Medicare segment pension assets by $638,000 for the period January 1, 2003, through January 1, 2008, primarily because FCSO used an incorrect methodology in computing the segment’s 2003 investment earnings, less administrative expenses.

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