slide1 n.
Download
Skip this Video
Loading SlideShow in 5 Seconds..
Recovery Auditing PowerPoint Presentation
Download Presentation
Recovery Auditing

Loading in 2 Seconds...

play fullscreen
1 / 10

Recovery Auditing - PowerPoint PPT Presentation


  • 137 Views
  • Uploaded on

Department of Veterans Affairs. Recovery Auditing. Edward J. Murray VA Deputy Chief Financial Officer Deputy Assistant Secretary for Finance . Overview. VA approach to recovery audits Focus on Financial Services Center (FSC) recovery audit program

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about 'Recovery Auditing' - kenley


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
slide1

Department of Veterans Affairs

Recovery Auditing

Edward J. Murray

VA Deputy Chief Financial Officer

Deputy Assistant Secretary for Finance

overview
Overview
  • VA approach to recovery audits
  • Focus on Financial Services Center (FSC) recovery audit program
  • Resulting improvements to internal controls
va approach
VA Approach
  • Aggressively pursuing recovery auditing
    • Contract recovery audits
      • Health Administration Center
    • In-house recovery audits
      • VA Supply Fund
      • Financial Services Center
  • Objectives
    • Recovery of funds
    • Enhanced internal controls
financial services center fsc
Financial Services Center (FSC)
  • Franchise Fund “fee for service” entity
    • Supports VA and 10 other Federal customers
  • Provides common financial services
      • Commercial and medical claims payments
      • Credit card payment processing
      • Accounting services
      • VA payroll processing
      • Recovery audits
slide5

FSC Audit Recovery

  • Recovery Audit Program
    • Hired commercial audit firm FY 2000
    • Brought in-house FY 2001
    • GAO “best practice” FY 2002
  • Types of payment reviews
    • Vendor credits
    • Vendor/medical claims duplicate payments
    • Employee awards
    • Interest penalties and sales taxes
fsc audit recovery cont d
FSC Audit Recovery (Cont’d.)
  • Leverage centralized payments
  • Data mine high probability duplicates
  • Validate and recover via collection/offset
  • Process managed via web application
    • On line field station validation
    • Automated bills of collection
  • Recovery audit “benchmark” contract
    • Three years of payment data ($15+B)
    • 2 ½ years work: $82K in new collections
    • Discontinued contract and incorporated lessons learned
va focus on internal controls
VA Focus on Internal Controls
  • FSC enhancements
    • Transition from paper to e-invoicing
    • OCR technology for invoice processing
    • Centralizing VA medical claims payments
summary
Summary
  • VA keys to recovery audits
    • Centralized payment processing
    • Leverage tools to perform/manage recovery audits
    • Improve internal control posture
  • FSC available for recovery audit consulting/recovery audit work
    • FSC Director: Rod Wood, Rodney.Wood@va.gov