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Can my company request that penalty and interest assessed in the audit findings be waived?

April 26, 2017assessed audit COMPANY findings penalty request waived

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Can my company request that penalty and interest assessed in the audit findings be waived?

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A. Per KRS 342.1221, your company may request a waiver of penalty charges. The Funding Commission does have the authority to waive part or the entire penalty for reasonable cause. INTEREST CANNOT BE WAIVED.