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Advisory Memorandum 3-12: SBA’s Federal Intragovernmental Activity and Balances Data

Date Issued: 
Thursday, February 6, 2003
Report Number: 
Advisory Memorandum 3-12

 

On February 6, 2003, the OIG issued Advisory Memorandum 3-12, regarding an independent public accountant’s agreed upon procedures report on the verification of the SBA’s Federal Intragovernmental Activity and Balances Data.  The independent public accountant noted three findings related to un-reconciled account balances, un-reconciled non-fiduciary transactions, differences with balances in the consolidated financial statements, and differences in amounts presented in the SBA’s Federal Agencies Centralized Trail-Balance Systems submission.