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Advisory Memorandum 3-11: The SBA’s Federal Agencies’ Centralized Trial Balance Systems (FACTS) Data

Date Issued: 
Thursday, February 6, 2003
Report Number: 
Advisory Memorandum 3-11

 

 

On February 6, 2003, the OIG issued Advisory Memorandum 3-11:  The SBA’s Federal Agencies’ Centralized Trial Balance Systems (FACTS) Data related to an independent public accountant’s agreed upon procedures audit to verify information reported by the SBA.  The IPA noted four findings related to rounding differences, insufficient explanations, misclassifications, and differences with the financial statements.