Independent Auditors' Report on SBA's FY 2018 Special Purpose Financial Statements

Date Issued: 
Friday, November 16, 2018
Report Number: 
19-04

We contracted with the independent certified public accounting firm KPMG LLP (KPMG) to audit the U.S. Small Business Administration’s (SBA’s) consolidated financial statements for fiscal year (FY) 2018, ending September 30, 2018. The independent auditors’ report presents an unmodified opinion on SBA’s special-purpose financial statements for FY 2018. Specifically, KPMG reported that the statements present SBA’s financial position for FY 2018 fairly in all material respects. Also, the results of operations and the changes in net position for the period are in accordance with U.S. generally accepted accounting principles, and the presentation is in conformance with the requirements of the Office of Management and Budget Circular No. A-136, Financial Reporting Requirements, and the U.S. Department of the Treasury’s Treasury Financial Manual, Volume 1, Part 2, Chapter 4700 (TFM 2-4700).

As requested, the following documents also were provided:

  1. GTAS Reclassified Financial Statements
  2. GF005G GTAS Closing Package Lines Loaded Report (Federal Trading Partner Data)
  3. Agency Financial Report to Closing Package Reconciliation Template
  4. GF006G FR Notes Report
  5. GF007F Other FR Data Report
  6. Closing Package Additional Notes
  7. Management Representation Letter on the Closing Package (no uncorrected misstatements)
  8. Management Representation Letter on the Audited Financial Statements (no uncorrected misstatements)

This report does not include any recommendations. 

File Attachments: 
Attachments Size
SBA-OIG-Report-19-04 169Kb