Reports
Search reports, investigative results, and agency plansShowing 1 - 10 of 13 results
Federal Reserve Board & CFPB OIG
Following Established Processes Helped FRB New York and the Board Reduce Risks Associated With Lending Facility Contracts
Pension Benefit Guaranty Corporation OIG
PBGC Should Improve Its Special Financial Assistance Review Procedures
Federal Reserve Board & CFPB OIG
The CFPB Implemented Safety Measures in Accordance With Its Reentry Plan
Pandemic Response Accountability Committee
Small Business Administration Paycheck Protection Program Phase III Fraud Controls
The PRAC examined whether the Small Business Administration (SBA) Phase III fraud controls, which were applied to process Paycheck Protection Program (PPP) loans in 2021, would have likely detected the earlier fraud found in PPP criminal cases. SBA designed the PPP Phase III controls to address significant fraud identified in the earlier phases of the program and some were later used by the SBA in its Restaurant Revitalization Fund (RRF) program.
Pandemic Response Accountability Committee
Increasing Transparency into COVID-19 Spending
The objective of this review was to identify specific gaps in transparency in award data for federal assistance spending in response to COVID-19. We looked at 51,000 awards worth $347 billion that supported the pandemic response (as of June 15, 2021). The report includes three findings, including we found more than 15,400 awards worth $33 billion with meaningless descriptions that make it difficult to know how COVID-19 relief money was used. The report includes five recommendations to help improve the transparency into COVID-19 relief spending.