; and (B) prevent waste, fraud, abuse, and improper payments in the operation of the Grant Program. (2) Revocation of funds The Under Secretary shall revoke a covered grant awarded to an eligible entity if the eligible entity is not in compliance with the requirements of this section, including if the eligible entity uses the grant for a purpose that is not in compliance with subsection (c). (3) Audit findings Any finding by the Inspector General of the Department of Commerce under paragraph (1) of waste, fraud, or abuse in the Grant Program, or that an improper payment has been made with respect to the Grant Program, shall identify the following: (A) Any entity within the eligible entity that committed the applicable act. (B) The amount of funding made available from the Grant Program to the eligible entity. (C) The amount of funding determined to be an improper payment to an eligible entity, if applicable. (4) Notification of audit findings Not later than 7 days after making a finding under paragraph (1) of waste, fraud, or abuse in the Grant Program, or that an improper payment has been made with respect to the Grant Program, the Inspector General of the Department of Commerce shall concurrently notify the Under Secretary, the Committee on Commerce, Science, and Transportation of the Senate, and the Committee on Energy and Commerce of the House of Representatives of that finding, which shall include the information identified under paragraph (3) with respect to the finding. (5) Fraud risk management The Under Secretary shall, with respect to the Grant Program— (A) designate an entity within the Office of Minority Broadband Initiatives to lead fraud risk management activities; (B) ensure that the entity designated under subparagraph (A) has defined responsibilities and the necessary authority to serve the role of the entity; (C) conduct risk-based monitoring and evaluation of fraud risk management activities with a focus on outcome measurement