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Do financial statements or audits have to be set up to follow the 1xx-8xx set up?

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Do financial statements or audits have to be set up to follow the 1xx-8xx set up?

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No. If a provider chooses not to show expenses using the 1xx-8xx set up, that is fine but a crosswalk will need to be provided to show how expenses were mapped into the cost report.

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