; and (ii) in the case of fraud, ineligibility, or other material noncompliance with applicable loan or loan forgiveness requirements, modify— (I) the amount of a covered loan described in subparagraph (A); or (II) the loan forgiveness amount with respect to a covered loan described in subparagraph (A). (3) Audit plan (A) In general Not later than 30 days after the date of enactment of this subsectoin, the Administrator shall submit to the Committee on Small Business and Entrepreneurship of the Senate and the Committee on Small Business of the House of Representatives an audit plan that details— (i) the policies and procedures of the Administrator for conducting reviews and audits of covered loans; and (ii) the metrics that the Administrator shall use to determine which covered loans will be audited for each category of covered loans described in paragraphs (1) and (2). (B) Reports Not later than 30 days after the date on which the Administrator submits the audit plan required under subparagraph (A), and each month thereafter, the Administrator shall submit to the Committee on Small Business and Entrepreneurship of the Senate and the Committee on Small Business of the House of Representatives a report on the review and audit activities of the Administrator under this subsection, which shall include— (i) the number of active reviews and audits; (ii) the number of reviews and audits that have been ongoing for more than 60 days