Auditing PPP and EIDL Loans (Completed)
Date: Wednesday, January 12, 2022
Instructor: Robert K Minniti
| Begin Time: |
9:00am Pacific Time
10:00am Mountain Time
11:00am Central Time
12:00pm Eastern Time |
| CPE Credit: |
2 hours for CPAs |
|
Do you do internal or external audits for government entities, not-for-profits, or small businesses that received EIDL or PPP Loans. This course is designed to review the procedures for recording these loans, documenting the expenses paid for with the loan funds, and auditing the forgiveness application documentation to make a determination on the probability that forgiveness will be granted. Internal and external auditors for financial institutions granting PPP loans will also have to audit the PPP loans granted by the financial institution, and any PPP loans purchased or sold on the secondary market.
Who Should Attend
CPAs, CFEs, CMA, CIAs, CFFs, MAFF, CGMAs, CFOs, CEOs, business owners, business managers, internal auditors, external auditors, corporate accountants, government accountants and government auditors.
Topics Covered
- Review the procedures for recording these loans
- Documenting the expenses paid for with the loan funds
- Auditing the forgiveness application documentation to make a determination on the probability that forgiveness will be granted
- Red flags for PPP and EIDL fraud
Learning Objectives
- Identify basic audit techniques
- Identify red flags for PPP and EIDL fraud
Level
Basic
Instructional Method
Group: Internet-based
NASBA Field of Study
Auditing (2 hours)
Program Prerequisites
None
Advance Preparation
None
