US · guidance
CMS Pub. 100-16, ch. mc86c17a, § 100
Accounting Standards
The HMO/CMP's records must be capable of verification by qualified auditors and
properly reflect all direct and indirect costs claimed by the HMO/CMP under the
contract. This means that the HMO/CMP's cost data must be based on an approved
method of cost finding and on the accrual basis of accounting. However, if a cost-based
HMO/CMP is owned and operated by a Federal, State or local government agency and
operates on a cash basis of accounting, CMS accepts cost data on this basis, subject to
appropriate treatment of capital expenditures.
History
(Rev. 4, 10-01-01)
Provenance
- Source
- cms.gov
- Retrieved
- 2026-08-25
- Edition
- iom-2026-08-25
- Content hash
4776836dfd7686a98ab26344dc86e65710b84535d44a9d858445dff939ef726c
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