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… 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 … Audit Report 14-18: Evaluation of Select 8(a) Business Development and HUBZone Contract Awards …

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

… STEP grant program, which may result in misspent funds and a failure to achieve intended results.  For example, … Trade and the Office of Grant Management awarded a grant to an ineligible applicant, provided untimely and … grant terms and conditions.  The audit team recommended a total of nine specific actions that we believe will improve …

… 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 …

… of Electronic Records Management.  After completing a survey, the Auditing Division decided not to perform an … and (2) magnetic tapes containing records needed for a prior audit were inappropriately erased.   The OIG, …

… 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 8-03: Audit of SBA’s FY 2007 Financial Statements …

… Audit Report 8-02: Controls over Access to Employee Emails by SBA Managers On October 19, 2007, the OIG issued Audit Report 8-02, Controls over Access to Employee Emails by SBA Managers. Report 8-02 On October 19, 2007, the OIG issued Audit Report 8-02,  … On October 19, 2007, the OIG issued Audit Report 8-02, Controls over Access to Employee Emails by SBA Managers. …

… 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 …

… Audit Report 8-13: Planning for the Loan Management and Accounting System … Effort On May 14, 2008, the OIG issued Audit Report 8-13, Planning for the Loan Management and Accounting System … risks, and was based on obsolete technology.  It is one in a series of attempts by the SBA during the past several years …

… (SBDCs) provide aspiring and current small business owners a variety of free business consulting and low-cost training … Small Business Administration (SBA), SBDCs must provide a dollar-for-dollar match.  SBA awarded about $1.9 million to … $1.2 million to be used for personnel costs.  However, a significant portion of the personnel expense transactions …