Reports
Search reports, investigative results, and agency plansShowing 21 - 30 of 48 results
Small Business Administration OIG
Duplicate Loans Made Under the Paycheck Protection Program
SBA OIG reviewed PPP regulations and the Paycheck Protection Program and Health Care Enhancement Act, in addition to guidance published in SBA’s PPP Interim Final Rules and PPP Frequently Asked Questions. We determined SBA did not always have sufficient controls in place to detect and prevent duplicate PPP loans. As a result, lenders made more than one PPP loan disbursement to 4,260 borrowers with the same tax identification number and borrowers with the same business name and address. These disbursements totaled about $692 million for PPP loans approved from April 3 through August 9, 2020. We...
Vermont Office of the State Auditor
Proposed Gap Recovery Grants
Similar to the Economic Recovery Grant (ERG) programs, the Gap program requires that businesses demonstrate economic loss due to COVID-19 but does not define economic loss. If ACCD uses revenue loss to measure economic loss for businesses that were in operation prior to the pandemic, the Gap program will be exposed to the same risk the Joint Fiscal Office pointed out in its November 2020 memo to the Joint Fiscal Committee regarding the ERG program.
New York Office of the State Comptroller
The Paycheck Protection Program in New York City: What’s Next?
Since March 2020, Congress has passed various laws designed to curb the spread of COVID-19 and mitigate the pandemic’s damage to the nation’s economy. One of the key legislative provisions was the creation of the Paycheck Protection Program (PPP), designed mainly to help small businesses and sole proprietors meet payroll commitments during the crisis. The program has been allocated a total of $953 billion in three rounds of funding in March ($349 billion), April ($320 billion), and December ($284 billion). This report evaluates the impact of the PPP in New York City measured against the...
California State Auditor
State High Risk Update—Coronavirus Relief Fund California Should Have Allocated More Funding to Small Counties
This letter report provides an update on our assessment of the State’s management of federal funds related to Coronavirus Disease 2019 (COVID-19) as a high risk statewide issue.
Maryland, Montgomery County Office of the Inspector General
Public Health Emergency Grant Program
We conducted this review to examine whether adequate policies, procedures, and controls were in place and followed to efficiently and effectively manage the administration and execution of the public Health Emergency Grant Program. We were also concerned that the speed with which the program was implemented may have resulted in errors that disadvantaged intended grant recipients.
California, San Jose Office of the City Auditor
Preliminary Review of the Allocation Process and Monitoring of COVID-19 Related Housing Grants
We reviewed the allocation process and monitoring of emergency COVID-related service grants the City has made using funding from the U.S. Department of Housing and Urban Development (HUD) and the State of California. This preliminary review, the third in a series on emergency expenses,1 aims to support cost recovery oversight, including compliance with federal and state record-keeping, procurement, and audit requirements, as outlined in the Recovery Annex of the City’s Emergency Operations Plan.
California, Sacramento Office of the City Auditor
Regulatory and Internal Control Framework for the City's COVID-19 Response
The purpose of this document is to describe the general regulatory and internal control framework the City of Sacramento will operate under for the City’s COVID-19 response and all COVID-19 related activities. This document is an essential resource for the City as it identifies key COVID-19 regulatory and internal control information that can aid in maximizing the City’s eligibility for State and Federal resources. This document is a general guide for the City to use.