Complete Text of Report is available in PDF format (729 kb). Copies can also be obtained by contacting
the Office of Public Affairs at 202-619-1343. Complete Text of Report is available in PDF format (729 kb). Copies can also be obtained by contacting
the Office of Public Affairs at 202-619-1343.
EXECUTIVE SUMMARY:
The objective of this audit was to evaluate whether the State agency had established adequate accountability and internal controls over the Medicaid drug rebate program. For State fiscal year 2002, we found that the State agency did not establish accounting procedures and internal controls to monitor the collection of interest due from manufacturers and to reconcile and age drug rebate balances on the Form CMS 64.9R report. As a result, information contained on the quarterly Form CMS 64.9Rs during our audit period was not always accurate. We recommended that the State agency establish policies and procedures for reconciling and aging its pending drug rebate amounts on the Form CMS 64.9R and for the proper monitoring and collection of interest due from manufacturers. The State agency agreed with our recommendations.
