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Advisory Memorandum 4-08: SBA’s Federal Intra-governmental Activity and Balances Data.

Date Issued: 
Friday, January 23, 2004
Report Number: 
4-08

On January 23, 2004, the OIG issued Advisory Memorandum 4-08, the Independent Public Accountant’s (IPA) agreed upon procedures report on the verification of the SBA’s Federal Intra-governmental Activity and Balances Data.  The IPA issued three findings related to the reconciliation of fiduciary transactions, improper documentation, differences between intra-governmental amounts presented in SBA’s consolidated financial statements, amounts presented in SBA’s Federal Agencies Centralized Trail-Balance Systems (FACTS) submission, and differences between amounts reported on the Status of Disposition of Identified Differences and supporting records