This definition appears very rarely
Samples in periodicals archive:
The only program that does not require filing with the IRS is Administrative Policy Regarding Self-Correction (APRSC).
The administrative programs that were consolidated into EPCRS include * Administrative Policy Regarding Self-Correction (APRSC), which permits a plan sponsor with established compliance practices and procedures to correct "insignificant" operational failures without IRS approval, or a fee, and to amend "significant" failures within a two-year period with IRS approval.
98-22 provides that, in order for an employer to utilize any of the self-initiated correction programs (the Administrative Policy Regarding Self-Correction (APRSC), VCR, and Walk-in CAP, and possibly even the IRS-initiated Audit CAP), the employer must make a "full correction.
The Internal Revenue Service released a new administrative policy regarding self-correction (APRSC) to help employers that sponsor tax-qualified retirement plans and tax-sheltered annuities correct operational violations without adverse tax consequences.