U.S. Small Business Administration
Office of Inspector General
Washington, DC 20416
Issue Date: July 28, 2005
Report Number: 5-22
To: Jaime A. Guzman-Fournier
Associate Administrator for Investment
From: Robert G. Seabrooks
Assistant Inspector General for Auditing /s/ Original Signed
Subject: Audit Report-Audit of the SBIC Liquidation Process.
Attached is a copy of the subject report. The report contains four findings, one other matter, and 17 recommendations. You concurred with nine recommendations, partially concurred with one, and neither concurred nor non-concurred with seven that you stated were more problematic and required more detailed reviews. For the one recommendation that received your partial concurrence and the seven that you neither concurred nor non-concurred with, we will reserve our comments for the audit follow-up process. Additionally, you provided a comment about the other matter and we modified the report to reflect your comment. Written evaluations of your comments are included as part of the report and your comments are included as an attachment.
The findings in the report are the conclusions of the Office of Inspector General’s Auditing Division. The findings and recommendations are subject to your review and corrective
action in accordance with existing Agency procedures for audit follow-up and resolution. Please provide your management response and actions to address the recommendations
within 30 days from the date of this report on the attached SBA Forms 1824, Recommendation Action Sheet. The SBA Forms should be sent to:
SBA OIG/Auditing Field Office, Suite 1803
233 Peachtree Street, NE
Atlanta, Georgia 30303
Any questions you may have regarding this report should be directed to Garry Duncan,
Director, Credit Programs Group, at (202) 205-[FOIA Ex. 2].
This findings in this report are the conclusions of the OIG’s Auditing Division based on testing of the auditee’s operations. The findings and recommendations are subject to review, management decision, and corrective action in accordance with existing Agency procedures for follow-up and resolution. This report may contain proprietary information subject to the provisions of 18 USC 1905 and must not be released to the public or another agency without permission of the Office of Inspector General.
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