# The Board Has Effective Processes to Collect, Aggregate, Validate, and Report CARES Act Lending Program Data
> **Audit** by Federal Reserve Board & CFPB OIG · 2022-02-28
> *About: Board of Governors of the Federal Reserve System*
## Report
- **Title:** The Board Has Effective Processes to Collect, Aggregate, Validate, and Report CARES Act Lending Program Data
- **Submitting OIG:** Federal Reserve Board & CFPB OIG
- **Component agency:** Board of Governors of the Federal Reserve System
- **Type:** Audit
- **Publication date:** 2022-02-28

## Recommendations

- **Rec 1** (Closed): Document the key decision to rely on Reserve Bank internal controls to gain assurance over publicly reported transaction-specific CARES Act data, as well as the rationale for that decision.
- **Rec 2** (Closed): Identify and document learning opportunities from the CARES Act reporting experience so that they may be used by the Board when future exigent circumstances arise.
## Source
- [oversight.gov report page](https://www.oversight.gov/reports/audit/board-has-effective-processes-collect-aggregate-validate-and-report-cares-act-lending)
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