An Office of Inspector General (OIG) review of the federal credit union regulatory agency’s 2021 compliance under the 2019 Payment Integrity Information Act (PIIA) showed the agency had no programs susceptible to “significant improper payments,” the OIG said in a May 26 letter to the chairman of the Senate Homeland Security and Government Affairs Committee.
The National Credit Union Administration (NCUA) OIG, in its letter to Sen. Gary Peters (D-Mich.), noted that the PIIA requires agencies to review all programs and activities they administer to identify those that may be susceptible to significant erroneous payments, and it requires the OIG of each agency to determine whether the agency is in compliance with the PIIA. Additional guidance is set by the Office of Management and Budget (OMB). (One of those provides that “any program that expends at least $1 million during the year [is required] to implement payment recapture audits, if cost effective to the agency, in order to recover improper payments,” the OIG wrote.)
The OIG review, finding no susceptibility to improperly payments, showed the NCUA complied with PIIA requirements for reporting, and for risk assessments, the letter states. Had there been issues of improper payments, the agency would have been required under the PIIA to take specific corrective steps.