Documentation Support
SUMMARY: Poor documentation can lead to costly audit delays, fines, and compliance risks, but with strategic support, organizations can turn this vulnerability into a strength, ensuring efficiency and regulatory success. How Poor Documentation Could Lead to...
Documentation Support
SUMMARY: Audit documentation, often underestimated, is the unsung hero that ensures audit success and regulatory compliance by providing a clear, defensible record of an organization’s actions. As an assurance senior advisor, I’ve seen it transform potential audit...
SBA
SUMMARY: AI and data analytics have become indispensable in SBA’s fraud prevention toolkit. They allow SBA to scrutinize 100% of applications (something not feasible manually) and do so in milliseconds, effectively stopping many fraudulent loans in their tracks...
SBA
SUMMARY: SBA’s fraud prevention and efficiency efforts are not ad hoc – they are guided by a lattice of laws and policies. Emergency statutes can tilt the balance toward speed (as seen in 2020), whereas oversight laws like PIIA and the directives of OIG/GAO push for...
SBA
SUMMARY: SBA’s challenge is to erect strong fraud defenses that operate with speed and precision – filtering out bad actors with minimal friction for good actors. The pandemic experience laid bare the consequences of too little upfront control, but it also...
