The US Small Business Administration began accepting Shuttered Venue Operators Grant applications Thursday less than a day after the agency's inspector general issued a report expressing "serious concerns" with the program's financial controls. The report warned that an insufficient audit plan "exposes billions of dollars to potential misuse of funds."
The EPA inspector general found that an official in the Trump administration delayed releasing a 2018 report concerning ethylene oxide found at the Sterigenics facility in Willowbrook, Ill. Although a regional administrator wanted the information made public "to avoid another public health emergency like the Flint, Michigan drinking water crisis," the EPA halted the process.
The Justice Department has charged 474 individuals accused of scheming to defraud coronavirus relief programs in the past year. At least 120 individuals have been charged with defrauding the Paycheck Protection Program, and the department said it also saw attempts to defraud the Economic Injury Disaster Loans program.
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Risk Agility — Made Simple
Earn free CPE credits during Audit, Risk, and Compliance Day of the Amplify Event Series. On April 27, we'll explore how to simplify work and bust the barriers holding you back from being agile in a fast-changing world. Check out the schedule.
The number of cyberbreach disclosures fell in 2020, the first time that has happened in five years, leading Audit Analytics to conclude "[i]t would not be surprising to learn of additional attacks that occurred throughout 2020 that remain undisclosed." More findings: Breaches took, on average, 44 days to be discovered, with the median period 16 days.
The Government Accountability Office says HHS' information security practices and procedures do not meet Federal Information Security Modernization Act standards. Auditors found HHS is strengthening its enterprisewide cybersecurity program, but they also identified areas that need improvement.
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The COVID-19 pandemic may have opened the door to fraud, waste and abuse in health care and pharmacy claims as insurers waived some co-pays, health care providers swiftly adopted telehealth, and new codes lent themselves to upcoding, writes AArete Managing Director Maria Turner. One way to spot and correct this is by applying data analytics not only to claims but also to provider contracts, covered benefits, regulatory requirements, and global payment policies, Turner writes.
Automation and analytics can be introduced to the audit process in several ways and can assist with issues such as risk assessment, contract reviews and materiality, experts say. "While materiality is an area where auditor judgment is critical, analytics can be used to support the assessment -- for example, by providing comparative analysis and benchmarking for data points to consider in determining materiality," notes Andrew Kwong of Deloitte Canada.
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June Webinar: Managing Cybersecurity Supply Chain Risks in Election Technology
Learn about work on the federal level to assist states in protecting against cyber threats to elections. Understand the risks of public/private partnerships in election technology and what auditors need to know to help safeguard elections at the state level. Discover the tools available to assist auditors as they seek to provide assurance over the election process. Registration opens soon for this June 10 event.
Internal Auditors and Cybersecurity in the U.S. Public Sector
From SolarWinds to Microsoft Exchange, recent high-profile cyberattacks remind us that government-sponsored threat actors lurk around every corner. Cybersecurity breaches that affect the public sector are particularly consequential because they may influence everything from national security to critical infrastructure that directly impacts citizens' health and safety. Read now.
NEW! CIA Exam Prep System
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About the Public Sector Audit Center
PSAC is an IIA Specialty Center for audit professionals in the public sector government sector. PSAC advances professional audit practices in government through
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