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… with the Office of Management and Budget Circular No. A-136,  Financial Reporting Requirements,  and the  Treasury …

… the extent to which the joint venture agreement between a mentor and protégé resulted in substantial benefits to the 8(a) participant, and (2) assess the SBA’s oversight of … joint venture arrangements and did not effectively oversee 8(a) firms that have joint venture agreements.  As a result, …

… were no material weaknesses in internal control. There is a significant deficiency related to the SBA’s information … Within 30 days of this report, KPMG expects to issue a separate letter to SBA management regarding other, less …

… the correct amount.  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 … ineligible borrower, 2 loans with incomplete analyses, and 8 loans that contained errors in the SBA’s calculations to …

… Audit Report 14-18: Evaluation of Select 8(a) Business Development and HUBZone Contract Awards This … presents the results of our evaluation of select Section 8(a) Business Development Program and Historically …

… cardholders and approving officials on the proper use of a government purchase card, to include purchase limitations …

… included: loans approved that lacked creditworthiness; a loan approved with a collateral shortfall; and a loan approved as an existing business instead of a new …

… Performance Problems of High-Risk Lenders Remains a Challenge for the Small Business Administration Audit … Performance Problems of High-Risk Lenders Remains a Challenge for the Small Business Administration Report … 2005 and October 2010 for 16 lenders selected from a universe of 57 lenders, with 33 reports.  The OIG found …

… Audit Report ROM 10-09: Lack of Approval for a Recovery Act Surety Bid Bond Guarantee This management … work for this review. The surety bid bond was approved by a preferred surety company on July 7, 2009, through the … bonds without SBA's prior approval. The SBA does not have a process in place to ensure that aged outstanding PSB bid …

… spent the advance funds to meet its payroll.  As a result, the subcontractor repossessed the furniture causing … the SBA also violated Federal regulations by advancing a $226,678 payment to the prime contractor prior to the … totaling $78,856 that were unrelated to the contract.  As a result, the SBA executed over $300,000 in improper payments …

… Audit Report 8-04: GFRS for Fiscal Year 2007 The IPA’s audit of the … as of and for the year ended September 30, 2006. Report 8-04 On November 17, 2007, the OIG issued the Independent … are available only in paper and on CD-ROM.  If would like a copy of one or more, contact the Office of Inspector …

… Audit Report 8-03: Audit of SBA’s FY 2007 Financial Statements Audit Report 8-03: Audit of SBA’s FY 2007 Financial Statements Report 8-03 … accepted accounting principles.  The auditor documented a significant deficiency in management’s information …

… Audit Report 8-05: Audit of Grant Disbursements to Women’s Business … Centers On November 20, 2007, the OIG issued Audit Report 8-05, Audit of Grant Disbursments to Women's Business … Business Centers . This audit was conducted in response to a request from the Senate Committee on Small Business and …

… times by the SBA.  Specifically, the SBA processed a batch payment multiple times resulting in duplicate … Disbursement Center.  The auditor found, in some cases, a credit check was not completed before loan disbursement; an … were not performed, and one loan was reinstated without a request from the borrower.   Inadequate review of the loan …

… over financial reporting, the IPA continued to report a significant deficiency related to Information Technology … controls, but did not consider this deficiency to be a material weakness.  The IPA noted that the SBA made …