Tue, December 3, 2024
[ Tue, Dec 03rd 2024 ]: Bill Williamson
Average Net Worth by Age: How Do You Measure Up?
[ Tue, Dec 03rd 2024 ]: Bill Williamson
Pat Gelsinger and Carlos Tavares had the same big problem: Morning Brief
[ Tue, Dec 03rd 2024 ]: Bill Williamson
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[ Tue, Dec 03rd 2024 ]: Bill Williamson
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[ Tue, Dec 03rd 2024 ]: Bill Williamson
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[ Tue, Dec 03rd 2024 ]: Bill Williamson
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[ Tue, Dec 03rd 2024 ]: Bill Williamson
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[ Tue, Dec 03rd 2024 ]: Bill Williamson
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[ Tue, Dec 03rd 2024 ]: Bill Williamson
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[ Tue, Dec 03rd 2024 ]: Bill Williamson
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[ Tue, Dec 03rd 2024 ]: Bill Williamson
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[ Tue, Dec 03rd 2024 ]: Bill Williamson
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[ Tue, Dec 03rd 2024 ]: Bill Williamson
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Buy 'Magnificent Seven' on Corrections, NYU's Damodaran Says
[ Tue, Dec 03rd 2024 ]: Bill Williamson
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[ Tue, Dec 03rd 2024 ]: Bill Williamson
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[ Tue, Dec 03rd 2024 ]: Bill Williamson
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Mon, December 2, 2024
[ Mon, Dec 02nd 2024 ]: Bill Williamson
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[ Mon, Dec 02nd 2024 ]: Bill Williamson
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[ Mon, Dec 02nd 2024 ]: Bill Williamson
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[ Mon, Dec 02nd 2024 ]: Bill Williamson
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[ Mon, Dec 02nd 2024 ]: Bill Williamson
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[ Mon, Dec 02nd 2024 ]: Bill Williamson
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[ Mon, Dec 02nd 2024 ]: Bill Williamson
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[ Mon, Dec 02nd 2024 ]: Bill Williamson
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[ Mon, Dec 02nd 2024 ]: Bill Williamson
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[ Mon, Dec 02nd 2024 ]: Bill Williamson
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[ Mon, Dec 02nd 2024 ]: Bill Williamson
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[ Mon, Dec 02nd 2024 ]: Bill Williamson
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[ Mon, Dec 02nd 2024 ]: Bill Williamson
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[ Mon, Dec 02nd 2024 ]: Bill Williamson
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[ Mon, Dec 02nd 2024 ]: Bill Williamson
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[ Mon, Dec 02nd 2024 ]: Bill Williamson
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[ Mon, Dec 02nd 2024 ]: Bill Williamson
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[ Mon, Dec 02nd 2024 ]: Bill Williamson
I'm in my 50s and am planning for early retiremen .. axes on the $9 million in my retirement accounts?
[ Mon, Dec 02nd 2024 ]: Bill Williamson
Business Council of Australia declares South Australia the winner for 2024
[ Mon, Dec 02nd 2024 ]: Bill Williamson
Finance in the Age of AI: BFSI CFOs explore opera .. xcellence, enhanced security and future readiness
[ Mon, Dec 02nd 2024 ]: Bill Williamson
Lord's Mark Industries Ltd. Strengthens Financial .. t of Sanjeev S Gupta & Associates as Peer Auditor

$3.5B in Liberals' COVID business loans went to ineligible recipients, auditor general finds

  Copy link into your clipboard //business-finance.news-articles.net/content/202 .. ineligible-recipients-auditor-general-finds.html
  Print publication without navigation Published in Business and Finance on by Bill Williamson
          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
The audit found that the program disbursed loans quickly and in a timely manner during the pandemic. It also found that the vast majority (91 per cent) of loan recipients audited were eligible, though the remaining nine per cent of ineligible recipients represented a $3.5 billion expenditure.
The article from the National Post discusses a report by Canada's Auditor General Karen Hogan, which revealed that the Canada Emergency Business Account (CEBA) program, designed to support small businesses during the COVID-19 crisis, disbursed loans to ineligible recipients. The audit found that approximately $2.1 billion was given to businesses that did not meet the eligibility criteria, including those that were not small businesses or had not experienced financial hardship due to the pandemic. The report highlighted issues with the program's design and oversight, noting that the government's rush to distribute funds led to inadequate verification processes. This resulted in loans being given to businesses that were not in operation before March 1, 2020, or were not small businesses as defined by the program's rules. The Auditor General recommended improvements in verification and monitoring to prevent such issues in future emergency aid programs.

Read the Full National Post Article at:
[ https://nationalpost.com/news/politics/liberals-small-business-loan-ineligible-recipients-auditor-general ]


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