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Agency Schedule Detail

Authorization Number :  855-1035
Agency Series No. :  FRPT-75
Status :  Active
Agency Web Link : 
Agency :  BWC
Confidential Description :  Information furnished to BWC by an MCO to comply with BWC performance and financial auditing requirements, including the SOC1 reports and independently auditing requirements are for the exclusive use and information of BWC in the discharge of its official duties, and are exempt from disclosure under the public records laws 4121.44 (D) of the Ohio Revised Code.
Division :  BWCFDAD
Vital Description : 
Section :  BWCFDADFRTP
Record Title :  Managed Care Organization (MCO) SOC1 Reports and independently audited financial statements
Revision :  2
Record Description :  The Managed Care Organization (MCO) SOC1 (Service Organization Control 1 report is written documentation of the internal controls that are likely to be relevant to an audit of a customer’s financial statements) reports are completed by independent auditors of the MCO’s and are submitted electronically through the MCO portal. SOC1 reports provide assurance to the BWC and external auditors concerning the MCO’s IT controls for the provider accounts. BWC evaluates the SOC1 reports to assess the risk of partnering with the MCOs. BWC evaluates the independently audited financial statements to ensure the financial solvency of the MCO’s.
Retention Period Retention Justification Media Code Method of Disposal
Contract Termination Date prior to 09-28-2005 Retain for sixteen (16) years from the date of expiration or termination. Contract Termination Date 09-28-2005 to 09-28-2012 retain until 09-28-2020. Contract Termination Date After 9-28-2012 Statute of Limitations Date retain nine (9) years from date of expiration or termination. The SOC1 reports and independently audited financial statements need to be retained in compliance with the records retention schedule for BWC Contracts retention schedule due to financial impact. Electronic Delete

Approvals

Status Name Title Date
Approved Jeff Hitch Records Coordinator 7/11/2018 9:23:00 AM
Approved Sarah Huffman Records Officer 7/25/2018 1:37:00 PM
Approved Bunnie Jones Record Administrator 8/28/2018 1:16:00 PM
Approved Fred Previts State Archivist 8/29/2018 1:53:00 PM
Approved Martin Meeks State Auditor 8/30/2018 10:05:00 AM

Notes

Date Reason User

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