Purpose

To express an opinion on the fair presentation of the Report of Workers' Compensation Program Statement of Assessable Expenses for the three fiscal years ended March 31, 2011.

Background

The Workers' Compensation Board (Board) was established under Article 8, Section 140 of the Workers' Compensation Law. The primary responsibility of the Board is to ensure that employees who are unable to work due to injury or illness are compensated under programs covering both occupational and non-occupational disability and sickness. Coverage for these benefits, with limited exception, is to be provided by employers. Costs to administer the Workers' Compensation Program (Program) are recovered via assessments on participating insurance carriers, selfinsurers, and self-insured political subdivisions of the State. The Law requires that recoverable expenses be audited by the State Comptroller.

Key Finding

We found the Statements referred to above present, in all material respects, the costs to administer the Workers' Compensation Program for the three fiscal years ended March 31, 2011, in accordance with the modified cash basis of accounting.

Key Recommendations

None

Other Related Audit/Report of Interest

Workers' Compensation Board: Workers' Compensation Program Statement of Assessable Expenses for the Two Fiscal Years Ended March 31, 2008 (2009-S-45)