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McKinsey Predicts Generative AI Will Create More Employment and Add 4.4 Trillion Dollars to the Economy | EDRM - Electronic Discovery Reference Model

The report by well-known consulting firm McKinsey, The economic potential of generative AI: The next productivity frontier (June 2023), provides reliable information and analysis on the. ....

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Paycheck Protection Program Audits Are Upon Us—Borrowers Prepare! | Blank Rome LLP

[co-author: Craig Stetson
]
In our last post on this topic, we touched on how the acceptance, use, and forgiveness of Paycheck Protection Program (“PPP”) loans can be viewed in the context of a Defense Contract Audit Agency (“DCAA”) audit. This post focuses on audits and investigations involving PPP loans. Close scrutiny of PPP loans is not a prediction; it is reality. The Small Business Administration (“SBA”) has announced it will audit all PPP loans in excess of two million dollars following a lender’s submission of a borrower’s loan forgiveness application, and it reserves the right to “spot check” any PPP loan of a lesser amount at its discretion. The Department of Justice has already charged multiple individuals with PPP fraud. And this is just the beginning of what many think will be a tidal wave of enforcement activity involving PPP loans. ....

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