Advisory Memorandum 5-07: SBA’s Federal Intragovernmental Activity and Balances Data
Date Issued: Thursday, December 2, 2004
Report Number: 5-07

On December 2, 2004, the OIG issued Advisory Memorandum 5-07, regarding an IPA’s agreed upon procedures report on the verification of the SBA’s Federal Intragovernmental Activity and Balances Data.  The IPA documented one finding related to intra-governmental activities.  Specifically, while the SBA strengthened its process for reconciling intra-governmental activity and balances with trading partners, it was unable to reconcile a significant amount of intra-governmental activity through September 30, 2004.  For example, in some cases, the SBA did not fully capture the requisite trading partner data, such as agency location code, in its accounting system.