Audit Report 0-06: Audit of SBA’s FY 1999 Financial Statements-Management Letter
On February 9, 2000, the OIG issued the Independent Public Accountant or IPA’s report in audit report number 0-06, Audit of SBA’s FY 1999 Financial Statements-Management Letter. The management letter includes information related to non-reportable findings discovered during the Audit of SBA’s FY 1999 financial statements. The management letter includes information on the SBA’s internal control structure that discusses problems related to (1) the financial reporting process and (2) information systems control. The section on compliance with the laws and regulations indicated that SBA’s financial management system did not comply with the requirements referred to in the Federal Financial Management Improvement Act of 1996. The IPA also noted other management and internal control issued that were addressed in a subsequent management letter.