Revise a final audit

About this task

If a final audit has a status of Completed, you can revise the audit through a policy transaction called a revised final audit.

You must have the Revise audit (reviseaudit) permission.

Important: Starting a revision policy transaction does not submit a change to the billing system. It is only upon completion of the audit revision that the billing system is notified of the change in final audited premiums.

To revise a final audit:

Procedure

  1. Perform the steps in View final audit schedule, and click Revise under the Actions column.
    PolicyCenter starts the audit policy transaction. This action also changes the original audit to a status of Revised.
  2. Enter revised information as you would in the Enter audit data and complete final audit.
    The revised final audit policy transaction displays Close Options > Withdraw Transaction instead of a Close Options > Waive. If you select Withdraw Transaction, the policy transaction goes to a Withdrawn status. When a revision is withdrawn, PolicyCenter changes the status of the revision policy transaction to Withdrawn and returns the status of the original audit to Completed.
  3. Click Calculate Premiums.
    The Audit Premiums > Summary tab displays the difference between the original audit and the revised audit. To see a breakdown of the amounts, select the Premium Details tab.
  4. Click Submit to complete the audit.