Audit Counsel: PPP Loans and Other Investigations
Chambliss attorneys are closely monitoring the evolving guidance on Paycheck Protection Program loans and HHS Provider Relief Funds to proactively assist clients with strategy and preparation for future governmental audits.
Chambliss has become a go-to resource for advice and representation related to the CARES Act, Paycheck Protection Program (PPP), HHS Provider Relief Funds, and other legislative developments and financial opportunities arising out of the COVID-19 pandemic. Our intimate knowledge of the CARES Act and evolving governmental and regulatory guidance, coupled with deep industry experience, guides our attorneys and accountants as they help clients navigate the best path forward in unprecedented times.
Our audit counsel team is ready to answer questions regarding appropriate use of governmental funds and the impact of involvement in these new governmental programs. We can prepare now for expected audits by the Small Business Administration (SBA) and the U.S. Department of Health and Human Services (HHS) and develop an overall compliance strategy to minimize future risk. From best practices for record-keeping to how to respond to a governmental audit, we are eager to assist. While these audits may still be months or years away, we strongly believe clients deserve proactive preparation, not waiting to address potential issues after the auditors come calling. We take a team approach and work closely with our clients' internal and external accountants, in collaboration with our in-house CPAs. And we regularly collaborate with leading accounting firms who likewise are preparing their clients for audits.
We do all we can to minimize disputes but are ready to defend our clients if administrative proceedings or litigation occurs. Our litigators have a track record of success and have represented numerous clients in governmental audits and investigations.
We recognize there may be concerns related to the aftermath of the pandemic and figuring out how to best utilize the available loans and relief funds. From start to finish – through planning, discussion, and representation – you can count on Chambliss to be a trusted partner.
A Snapshot of Our Depth
- Advise on legally compliant record-keeping that is consistent with industry best practices
- Review of financial statements and labor-and-employment records, especially related to employee and payroll questions
- Analyze usage of loans or funds to determine legal compliance and areas of risk
- Develop an overall strategy for responding to SBA, HHS, or other governmental audits
- Represent clients in discussions, disputes, settlements, administrative proceedings, and litigation, including appeals of adverse audit findings