Peggy E. (Peg) Gustafson was sworn in as SBA Inspector General on October 2, 2009. Ms. Gustafson previously served as General Counsel to Senator Claire McCaskill (D-MO), where she advised the...
ROM 10-06 - Inadequate Documentation to Support a Loan Approved Under Section 504 of the Recovery Act
Attached is the Management Letter issued by KPMG LLP which identifies a matter that came to their attention during the audit of SBA's FY 2009 financial statements. The objective was to determine the adequacy of controls over the loan approvals funded under Section 504 - Stimulus for Community Development Lending of the Recovery Act.
To view the complete document, please see the attachment below.