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… Audit Report 14-10: The SBA Did Not Follow Regulations and Guidance in the Acquisition of the OneTrack System Audit Report 14-10: The SBA Did Not Follow Regulations and Guidance in the … completed in a 12-month period at a total cost of around $1.17 million. Instead, the SBA modified the task order to …

… Elimination and Recovery Act Report 14-11 On April 10, 2014, the OIG issued Audit Report 14-11 , SBA’s Progress … Recovery Act . The objectives of this evaluation were to (1) assess the progress the SBA has made in remediating … the Disbursements for Goods and Services, as well as 7(a) loan guaranty approvals continued to make progress …

… Audit Report 14-09: Purchase Reviews Allowed $3.1 Million in Improper Payments on 7(a) Recovery Act Loans Audit Report 14-09: Purchase Reviews Allowed $3.1 Million in Improper Payments on 7(a) Recovery Act Loans Report 14-09 On January 29, 2014, the …

… controls and other operational matters that included: (1) improvement needed in the documentation of the obligations … (6) inadequate review of Star and Attendance Reports; and (7) improvement needed in the employee separation process. The …

… Reviews Allowed $4.6 Million in Improper Payments on 7(a) Recovery Act Loans This advisory memorandum presents the … and regulations including Standard Operating Procedure 50 10 and the Code of Federal Regulations.  The deficiencies …

… the OIG was required to report on the following 11 areas: 1) continuous monitoring management; 2) configuration … reporting; 5) risk management; 6) security training; 7) plan of actions and milestones; 8) remote access management; 9) contingency planning; 10) contractor systems, and 11) security capital planning. …

… with 417 unauthorized commitments, valuing more than $1.4 million between November 2010 and May 2012.  The OIG …

… in FY 2011 to 17.9 percent in FY 2012. In addition, the 7(a) and 504 programs improved their testing procedures for … compliant because their improper payment rate exceeded the 10 percent threshold. In addition, three of the five programs …

… 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 …