Uniform Guidance Report.pdf

BMC Health System, Inc. underwent an audit for the year ended September 30, 2017, in accordance with Uniform Guidance, with the report including financial statements, a schedule of expenditures of federal awards, and reports on internal controls and compliance. The independent auditors, PricewaterhouseCoopers LLP, expressed an opinion that the consolidated financial statements present fairly the financial position and results of operations of BMC Health System, Inc. and its subsidiaries. The audit also included an evaluation of internal control over financial reporting and compliance with federal awards requirements. The report noted that the PricewaterhouseCoopers affiliated firm in the Cayman Islands performed audit procedures for the Boston Medical Center Insurance Company, but did not participate in a continuing education program or have an external quality review as required by Government Auditing Standards. Despite this, the auditors believed the audit evidence obtained was sufficient to provide a basis for their opinion. The report concluded that the consolidated financial statements and consolidating information are fairly stated in all material respects.