KDC Income Management, a Fee-for-Service Representative Payee for the Social Security Administration

Thursday, August 22, 2013
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Audit Report
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Some individuals cannot manage or direct the management of their finances because of their youth and/or mental or physical impairments. Congress granted SSA the authority to appoint representative payees to receive and manage these beneficiaries’ payments. During our audit period, July 1, 2011 to June 30, 2012, KDC served as representative payee for 227 beneficiaries.

The objective of this report was to determine whether KDC Income Management (KDC) (1) had effective safeguards over the receipt and disbursement of Social Security benefits, (2) used and accounted for Social Security benefits in accordance with the Social Security Administration’s (SSA) policies and procedures, and (3) adequately protected beneficiaries’ personally identifiable information.