OIG Special Report – Risk Assessment of PBGC’s Implementation of Special Financial Assistance (SR-2022-09), issued March 17, 2022

PBGC OIG contracted with Ernst & Young LLP (EY), an independent certified public accounting firm, to perform a Risk Assessment of PBGC’s Implementation of its Special Financial Assistance program (SFA). Based on the information gathered during this Risk Assessment, EY identified several risk categories that would generally be considered by organizations with a similarly situated risk context. This report is advisory in nature and is intended solely for information and use of OIG and Management of PBGC. The report contains no formal recommendations. However, PBGC has the opportunity to further assess whether existing processes are commensurate with its new risk context and mitigate those risks to the extent possible.

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