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… Audit Report 13-10: The Small Business Administration Did Not Effectively … (SBA’s) Staffing and Mobilization activities. Report 13-10 This report presents the results of our audit of the Small … respond to disasters. The OIG recommended that the Agency (1) develop a plan that ensures the biennial simulation …

… controls and other operational matters that included:  (1) inadequate review of SBA’s return on assets re-estimate … review process; (3)inadequate controls over the 7(a) 1502 error process; (4) inadequate documentation of … loans; (9) untimely post-purchase and charge-off reviews; (10) inadequate and untimely follow-up on corrective actions; …

… Small Business Administration’s Improper Payment Rate for 7(a) Guaranty Purchases Remains Significantly Underestimated … audit of the Small Business Improper Payment Rate for 7(a) Guaranty Purchases for Fiscal Year 2011. Report 13-07 … As a result, the SBA reported an improper payment rate of 1.73 percent or $40.7 million in its FY 2011 Agency Financial …

… ability.  SBA Standard Operating Procedures (SOP) 50 30 7 states, “For business loans, we determine repayment ability … According to a senior ODA management official, the SOP 50 30 7 criteria that applied specifically to evaluating the …

… controls and other operational matters that included: (1) improvement needed in the timely issuance of safety and … (2) inadequate controls over 1502 reporting for the 7(a) guaranty loan program; (3) untimely 7(a) charge-off reviews and processing; and (4) inadequate …

… Agreements with Mentors.  The audit objectives were to (1) determine the extent to which the joint venture agreement …

… Defaulted after the SBA Made Approval Decisions totaling $1.4 Million without Mitigating the Reasons for Prior Denials, … The OIG found that the SBA approved a total of nearly $1 million more than it should have for 11 of the 22 loans in our sample—over half of the total $1.8 million that SBA approved for these 11 loans.  The SBA …

… goals. Additionally, the OIG also identified over $1.5 billion dollars in contract actions for which the firms …

… DC area offices.   The OIG recommended that the SBA (1) ensure all purchase cardholders have, on file, current …

… These four loans had improper loan approvals of $1,561,000.  All four loans were current as of July 31, 2012. The OIG recommended that the SBA (1) Determine how the deficiencies in the four SBA-approved …

… billion.  The OIG issued two findings, specifically:  (1) the SBA did not recognize and take action to address …

… Audit Report ROM 10-09: Lack of Approval for a Recovery Act Surety Bid Bond … bond was approved by a preferred surety company on July 7, 2009, through the Surety Bond Guaranty (SBG) System in the … and procedures.   The IPA recommended that the SBA 1 ) Continue to monitor preferred sureties to ensure it …

… at this time. The OIG had considered an audit because (1) the agency has become increasingly dependent on electronic … when conducting the initial survey.  Specifically, (1) the SBA had not developed complete inventories and …