OIG updated the LSC OIG Audit Guide and Appendices which include the Compliance Supplement for Audits of LSC Recipients (Appendix A). These documents will be effective for audits of LSC recipient fiscal years ending on or after September 30, 2023. Questions about the LSC OIG Audit Guide or Appendices should be sent to OIG at email@example.com.
In a continuing effort to assist Legal Services Corporation grantees and subgrantees in preventing cyberattacks, the Office of Inspector General is issuing a Hotline Advisory to notify grantees of a U.S. Government resource and initiative aimed at protecting American businesses and communities from ransomware attacks.
In light of recent bank failures, the Legal Services Corporation (LSC) Office of Inspector General (OIG) is providing this article, outlining steps to be taken should your grantee funds on deposit exceed the Federal Deposit Insurance Corporation's (FDIC's) $250,000 deposit insurance limit.BackgroundBased on multiple news outlets, Silicon Valley Bank (SVB), the 16th-largest U.S. bank with$210 billion in assets, was closed by California regulators on Friday, March 10, 2023, after depositors rushed to withdraw funds over concerns the bank might become insolvent. It is the second largest bank…