Audit Report 9-05: Audit of SBA’s FY 2008 Financial Statements - Management Letter
… submitted by intermediaries in the Microloan Program. Legal review was not performed in accordance with SOP 50 51 2A, Loan Liquidation and Acquired Property . Lack of legal review on SBA Form 327 for Loan Guaranty Charge-off. Lack of legal review documentation for charge-off actions by the …