Submitting OIG:
Report Description:
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.
Date Issued:
Friday, January 21, 2022
Agency Reviewed / Investigated:
Location(s):
Agency-Wide
Type of Report:
Inspection / Evaluation
Special Projects:
Questioned Costs:
$0
Funds for Better Use:
$0
View Document:
Attachment | Size |
---|---|
SBAFraudControlsFinal02Jan21.pdf | 936.3 KB |