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Reports

This page provides the Office of Inspector General's Recovery Act Monthly Reports. The American Recovery and Reinvestment Act of 2009 (Recovery Act) provides for reduced loan fees, higher guaranties, new SBA credit programs, secondary
  • OIG Reports

    Audit Report 14-09: Purchase Reviews...

    On January 29, 2014, the OIG issued Audit Report 14-09, Purchase Reviews Allowed $3.1 Million in Improper Payments on 7(a) Recovery Act Loans. This report is the second in a series resulting from...

  • OIG Reports

    Audit Report 13-16R: Purchase Reviews...

    On June 14, 2013, the OIG issued Advisory Memorandum 13-16R, Purchase Reviews Allowed $4.6 Million in Improper Payments on 7(a) Recovery Act Loans. This advisory memorandum presents the results of...

  • OIG Reports

    Audit Report 12-23R: 504 Recovery Act...

    This audit report presents the results of the OIG’s audit of the origination and closing of 504 Recovery Act loans. The OIG found that the SBA generally originated and closed 504 Recovery Act...

  • OIG Reports

    Audit Report 12-20R: Addressing...

    This report presents the results of the audit of actions taken by the Small Business Administration to mitigate material lender risks identified in on-site reviews before and after passage of the...

  • OIG Reports

    Advisory Memorandum 12-19R: A Non...

    On September 4, 2012, the OIG issued Advisory Memorandum 12-19R, A Non-Manufacturer Rule Waiver Allowed an 8(a) Recovery Act Contract to Bypass Established Small Business Requirements. This...

  • OIG Reports

    Report 12-06 Recovery Act 504 Loan Pool...

    The attached Management Letter discusses a matter identified during KPMG's audit of SBA's FY 2011 financial statements that relates to SBA's compliance with guidance for approving Section 503 - 504...

  • OIG Reports

    Audit Report ROM 09-1: Key Unresolved OIG...

    On April 30, 2009, the OIG issued Audit Report 09-01, Key Unresolved OIG Audit Recommendations in Program Areas Funded by the American Recovery and Reinvestment Act and Related Activities Needed to...

  • OIG Reports

    ROM 11-07- Origination and Closing...

    On September 30, 2011, the OIG issued the third in a series of reports resulting from our ongoing audit of purchased 7(a) Recovery Act loans. This report identifies documentation deficiencies found...

  • OIG Reports

    ROM 11-06– Material Deficiencies...

    This was the second in a series of reports resulting from our ongoing audit of purchased 7(a) Recovery Act loans. The report identified five early-defaulted loans that resulted in questioned costs...

  • OIG Reports

    ROM 11-05 - Material Deficiencies...

    This report identifies four early-defaulted loans that warrant immediate attention by the Small Business Administration (SBA) in order to recover approximately $3.2 million. We reviewed these loans...

  • OIG Reports

    ROM 11-04 Quality of SBA’s Recovery Act...

    This report represents the results of our audit regarding the effectiveness of the Small Business Administration’s (SBA) internal controls to ensure the quality of federal spending...

  • OIG Reports

    ROM 11-03 - America’s Recovery Capital...

    Memorandum To: Grady Hedgespeth Director, Office of Financial Assistance John A. Miller Director, Office of Financial Program Operations /s/ Original Signed From: Peter L. McClintock Deputy...

  • OIG Reports

    ROM 11-02 - Lack of Documentation and...

    Memorandum To: Steven Smits Associate Administrator for Capital Access /s/ Original Signed From: Peter McClintock Deputy Inspector General Subject: Recovery Act 7(a) Loan Guaranty Approvals ROM 11...

  • OIG Reports

    ROM 11-01 - Improper Allotment of Recovery...

    Memorandum To: Jon I. Carver Chief Financial Officer /s/ Original Signed From: Peter McClintock Deputy Inspector General Subject: Improper Allotment of Recovery Act Apportionments Report No. ROM 11...

  • OIG Reports

    ROM 10-19 - Material Deficiencies...

    To: Eric R. Zamikow Associate Administrator for Capital Access /s/ Original Signed From: Debra S. Ritt Assistant Inspector General for Auditing Subject: Report on Material Deficiencies Identified...

  • OIG Reports

    ROM 10-18 - Notice of Finding and...

    Date: September 22, 2010 To: Eric R. Zarnikow, Associate Administrator, Office of Capital Access From: Debra S. Ritt, Assistant Inspector General for Auditing Subject: Notice of Finding and...

  • OIG Reports

    ROM 10-17 - The Planning and Award of the...

    Date: June 29, 2010 To: Darryl K. Hairston Associate Administrator for Management and Administration /s/ Original Signed From: Debra S. Ritt Assistant Inspector General for Auditing Subject: The...

  • OIG Reports

    ROM 10-16 - SBA’s Planning and Award of...

    Contents Memorandum Results Recommendations Actions Required Appendix 1 Agency Comments Footnotes Memorandum To: Darryl K. Hairston June 29, 2010 Associate Administrator for Management and...

  • OIG Reports

    ROM 10-15 – Review of SBA’s Job Creation...

    Report Number: ROM 10-15 Date Issued: April 30, 2010 To: Eric Zarnikow Associate Administrator for Capital Access From: Debra S. Ritt /S/ Original Signed Assistant Inspector General for Auditing...

  • OIG Reports

    ROM 10-14 - Memorandum on the Accuracy of...

    Date: April 15, 2010 To: Darryl K. Hairston Associate Administrator Office of Management and Administration /s/ Original Signed From: Debra S. Ritt Assistant Inspector General for Auditing Subject:...

  • OIG Reports

    ROM10-13 - Memorandum on the Adequacy of...

    This memorandum addresses concerns about the Office of Business Operations' (OBO) ability to effectively procure, award, and manage Recovery Act and non-Recovery Act contracts. The OBO is...

  • OIG Reports

    ROM 10-13 - Memorandum on the Adequacy of...

    Date: April 9, 2010 To: Darryl K. Hairston Associate Administrator, Office of Management Administration /s/ Original Signed From: Debra S. Ritt Assistant Inspector General for Auditing Subject:...

  • OIG Reports

    ROM 10-12 - Notice of Finding and...

    To: Eric R. Zamikow Associate Administrator, Office of Capital Access /s/ Original Signed From: Debra S. Ritt Assistant Inspector General for Auditing Subject: Notice of Finding and Recommendation...

  • OIG Reports

    ROM 10-11 - Notice of Finding and...

    Contents Memorandum Notice of Finding and Recommendation Audit Background Condition Criteria Causes Effect Proposed Recommendations Action Required Appendix I. Ineligible Lender Approved Loans...

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