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Professional Insights

GAO report flags potential fraud risks

Jul 17, 2020 · 7 min read

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Amy Yurish, CPA, CFF, CFE is also a member of the AICPA's FLS Fraud Task Force

In response to the unprecedented impact of the COVID-19 pandemic, the United States Congress passed the Coronavirus Aid Relief and Economic Security (CARES) Act to provide assistance to state and local governments, businesses, and individuals impacted by the pandemic. Among other things, the CARES Act provided for the development and implementation of the Paycheck Protection Program (PPP) which was authorized to provide forgivable loans

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