The U.S. Department of Treasury and Small Business Administration (SBA) have promised the government will audit all recipients of Paycheck Protection Program (PPP) loans over $2 million who seek loan forgiveness. So, the question is not if, but when, an audit is coming.
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Eligible borrowers should not be frightened by the government’s warning that audits are coming; instead, use this time to prepare. Do everything you can today to ensure your business reaps full benefits as intended by the spirit of the PPP, while remaining compliant with its uncertain requirements.
StoneTurn’s Jonny Frank outlines five practical steps borrowers can take to withstand the scrutiny of PPP audits and investigations.
Jonny Frank brings over 45 years of public and private sector and law and business school teaching experience in forensic investigations, compliance, and risk management. He helps organizations and counsel […]
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