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Fraud Risk Inventory for the CDBG and ESG CARES Act Funds

Audit · Department of Housing and Urban Development OIG · 2021-10-12 · about Department of Housing and Urban Development

Report

Title
Fraud Risk Inventory for the CDBG and ESG CARES Act Funds
Submitting OIG
Department of Housing and Urban Development OIG
Component agency
Department of Housing and Urban Development
Type
Audit
Publication date
2021-10-12

Summary

We conducted this engagement in coordination with the Pandemic Response Accountability Committee (PRAC) to gain an understanding of the U.S.

Recommendations (5)

#StatusText
2022-FO-0801-001-BOpenComplete a program-specific fraud risk assessment and risk profile for the CDBG and ESG programs, with emphasis on CARES Act funding, and replicate this process to create program-specific fraud assessments and risk profiles for other CPD programs.
2022-FO-0801-001-COpenConsider OIG's fraud risk inventory to improve CPD's own fraud risk assessments and develop a program-specific fraud risk map and compendium.
2022-FO-0801-001-DOpenImplement efforts to increase the awareness of fraud at all levels (headquarters, field offices, grantees, subrecipients, etc.), including but not limited to regularly publishing articles on known fraud schemes and identified instances of fraud in…
2022-FO-0801-001-EOpenDevelop and implement a fraud risk checklist or other instrument as part of CPD's monitoring oversight requirements, to be completed as part of each remote and onsite monitoring review.
2022-FO-0801-001-FOpenDevelop and implement a fraud analytics strategy using available data, including but not limited to data and information collected during the grantee risk assessment and monitoring processes, to begin conducting data analyses to identify potential…

Source

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