THE MEDICAL UNIVERSITY OF SOUTH CAROLINA
COST ACCOUNTING STANDARDS
AND DISCLOSURE STATEMENT

Latest update as of 6/11/99......

The Medical University of South Carolina is required to comply with new cost accounting standards as of July 1, 1998. These compliance regulations are every bit as complex as those that govern the care and use of animals or the use of human subjects. It is important that faculty and staff become familiar with their provisions.

This Web site contains MUSC's Cost Accounting Standards Disclosure Statement and the Policies & Procedures that are included in the Disclosure Statement. The policies and procedures listed below were approved by the Board of Trustees in April of 1999. 

The Disclosure Statement, containing approved policies, was submitted to the Department of Health and Human Services, our cognizant federal audit agency, on April 30, 1999. The Disclosure Statement provides an authoritative description of an educational institution's cost accounting practices. These statements should help to minimize disputes between contracting parties and will also be used to determine if an institution is in compliance with CAS.

Faculty and staff are encouraged to send questions and comments to the Web Master automatic link at the bottom of each policies and procedures section. If we receive questions that we feel would be of general interest, we will post these questions and answers on this site.

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