Reports
Search for reports and investigative results.
Showing 1 - 10 of 12 results
Pension Benefit Guaranty Corporation OIG
Follow up to Recommendation Regarding Projected Benefit Payments in Special Financial Assistance Applications
Pension Benefit Guaranty Corporation OIG
Recent Court of Appeals Ruling May Cost Taxpayers Approximately $6 Billion More in Special Financial Assistance than Originally Projected
Pension Benefit Guaranty Corporation OIG
Projected Benefit Payments in Selected Special Financial Assistance (SFA) Applications
Pension Benefit Guaranty Corporation OIG
Audit of PBGC’s Review of Initial Special Financial Assistance Applications
Pension Benefit Guaranty Corporation OIG
White Paper: Searching Plan Records for Deceased Participants
Illinois Auditor General
Program Audit of the Business Interruption Grant Program
The Illinois Auditor General, conducted a performance audit of the Business Interruption Grant (BIG) program, which was developed under the state's Department of Commerce and Economic Opportunity (DCEO) to provide $585 million in economic relief for small businesses hit hardest by COVID-19. Among their findings the Auditor General noted that DCEO allowed, without verification, BIG small business grant applicants to self-certify that they complied with all laws as well as reporting other pandemic funding. The office's analysis found 196 ineligible applicants received $3.42 million in the first...
Pension Benefit Guaranty Corporation OIG
PBGC Should Improve Its Special Financial Assistance Review Procedures
Pension Benefit Guaranty Corporation OIG
Pending GAO Opinion on PBGC’s Final Rule that Adopted a Bifurcated Interest Rate for Certain SFA Applications
Alaska Division of Legislative Audit
A Special Review of the Department of Commerce, Community, and Economic Development, Alaska CARES Act Small Business Relief Program
The audit concluded that the Alaska Small Business Relief Program disbursed approximately $282 million of CARES Act funds through the issuance of 5,754 grants; however, the distribution rate of grant funds fell far short of expectations. The State expected to distribute $150 million per month, yet only $18 million was distributed by the end of the program’s second month. Additionally, Results of testing found a high rate of unallowable grant awards. Auditors tested 155 grants and identified at least one error for 39 percent of the grants tested.