Audit Report 4-18: Audit of SBA’s Loan Tracking System
Date Issued: Monday, April 5, 2004
Report Number: 4-18

On April 5, 2004, the OIG issued Audit Report 4-18, Audit of SBA’s Loan Tracking System.  The purpose of the audit was to determine whether the SBA Loan Application Tracking System (LATS) financial system application controls were adequate to ensure the integrity and confidentiality of system data.  The OIG assessed the adequacy of LATS application controls in the following areas:  authorization controls, completeness controls, accuracy controls, and controls over integrity of processing and data files.  The OIG found that the SBA had integrated adequate application controls in the design and operation of LATS.  The OIG issued two findings, specifically:  (1) computer desktop access to the LATS transaction screen was not secure, and (2) ownership of the Loan Accounting System was not appropriately assigned.