1. How to Prepare for an Audit of Your PPP Loans

How to Prepare for an Audit of Your PPP Loans

$129.00
Risk management expert Daniel Clark will share concrete ideas on developing an audit program and completing the work. You will learn how to determine the status of compliance with the PPP in your institution.
Event ID: 27
Recording: Unable to attend? A recording will be available after the presentation.
Date: Tuesday, October 27, 2 PM Eastern or Tuesday, November 10, 2 PM Eastern or Tuesday, December 1, 2 PM Eastern or Tuesday, December 15, 2 PM Eastern
Duration: Scheduled for 60 minutes including question and answer period.
Presenter: Daniel A. Clark

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How to Prepare for an Audit of Your PPP Loans

Many of the businesses you serve have likely benefitted from Paycheck Protection Program (PPP) loans. As you know, there are many program guidelines that lenders must follow.

Delving deeper to understand the regulations from an audit perspective will allow you to manage the program more carefully, discuss it with stakeholders, and prepare for regulators’ examinations.

  • How can you plan an audit of PPP loans?
  • How should financial institutions account for loans likely to be forgiven?
  • Who qualifies for the PPP?
  • What are the necessary forms?
  • What loan review procedures should financial institutions follow?
  • How should you communicate PPP compliance to your institution’s board of directors and audit committee?

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