REPORT DIGEST
WOLCOTT, WOOD AND TAYLOR, INC.
FINANCIAL AND COMPLIANCE AUDIT
Period from July 19, 1999 (Date of Inception) through June 30, 2000
Summary of Findings:
Total this audit 0
Release Date:
March 20, 2001
State of Illinois
Office of the Auditor General
WILLIAM G. HOLLAND
AUDITOR GENERAL
To obtain a copy of the Report contact:
Office of the Auditor General
Attn: Records Manager
Iles Park Plaza
740 E. Ash Street
Springfield, IL 62703
(217)782-6046 or TDD (217) 524-4646
This Report Digest is also available on
the worldwide web at
http://www.state.il.us/auditor
INTRODUCTION
Wolcott, Wood and Taylor, Inc. (WWT) is an Illinois not-for-profit corporation created by the Board of Trustees of the University of Illinois. WWT was created to provide billing and collection services and practice management support services for the Medical Service Plan of the College of Medicine of the University of Illinois at Chicago.
FINDINGS, CONCLUSIONS, AND RECOMMENDATIONS
There were no material findings of noncompliance disclosed during our audit tests. We commend the Corporation for maintaining an effective system of internal controls.
AUDITORS’ OPINION
Our auditors stated the Corporation’s June 30, 2000 financial statements are fairly presented in all material respects.
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WILLIAM G. HOLLAND, Auditor General
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SPECIAL ASSISTANT AUDITORS
Our special assistant auditors were Olive LLP.