14
Department demonstrates progress in fraud response, updating risk assessment with lessons learned.
Conclusion
The Department has made progress in its fraud response. The Fraud Risk Assessment has been updated, although this identified additional fraud risks which were not considered at the point the scheme was launched.30 Notably, the Department told us about the improvements which have been made to the ongoing Recovery Loan Scheme as a result of learning from the Bounce Back Loan Scheme, such as permissions for sharing data, data systems and governance, and bulk objections for dissolving companies with an outstanding loan.31
Government Response
A response document is linked to this report, dated 27 June 2023. Response attribution to this conclusion has not been verified. Read the response document.
Source
Committee
Public Accounts Committee
Addressee Bodies
HM Treasury
Timeline
Recommendation age
3.4 yrs
Report published
26 Apr 2023