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… Officers Act of 1990, as amended, and was conducted in accordance with generally accepted government auditing … standards; the Office of Management and Budget Bulletin No. 19-03, Audit Requirements for Federal Financial …

… holding, and utilization of cash contributions and gifts in fiscal year 2019. The Consolidated Appropriations Act of … or accepted include, but are not limited to, gifts in support of cosponsored activities, SBA-sponsored … of cash contributions and gifts. However, improvement is needed in the Agency’s controls over the utilization of gift …

… Officers Act of 1990, as amended, and was conducted in accordance with generally accepted government auditing … standards; the Office of Management and Budget Bulletin No. 19-03, Audit Requirements for Federal Financial …

… Agency Financial Report to determine whether the agency is in compliance with the Improper Payments Information Act of … accuracy and completeness of reporting and performance in reducing and recapturing improper payments. KPMG conducted … with the six IPERA reporting requirements; improvement was needed over the completeness and accuracy of improper payment …

… of SBA’s corrective actions for two recommendations made in previous Office of Inspector General audit reports on the … allowed ineligible firms to be certified and participate in the program. This follow up inspection focuses on two … In addition, in SBA OIG Audit Report 18-22, Improvements Needed in SBA’s Oversight of 8(a) Continuing Eligibility …

… study aims to better understand private equity investment in U.S. rural areas and the extent to which SBA’s Small … might better address small business investment needs in areas outside of urban areas. The environmental scan …

… 3,800 financial institutions for participation in the program. However, SBA’s efforts to hurry capital to businesses were at the expense of controls that could have reduced the … Congress and SBA management from having the information needed to determine if program objectives were fully met. We …

… Administration Increases Lending to Small Businesses in Need, Announces Changes to PPP to Further Promote …

… submit to SBA to confirm that funds are used fully and in accordance with program requirements. Recipients will … RRF recipients have until March 11, 2023, to expend funds in accordance with program requirements and must file a … with program requirements. The first report is due no later than December 31, 2021. SBA anticipates that the …

… and the data submission was of higher quality than in previous years. The agency has made progress since the … submit certain data completely, accurately, or on time. In addition, SBA needs to improve the completeness and …

… assessment provides senior officials with information needed to improve the Agency’s ability to support the …

… contract ceiling to $850 million. This increase was done in a noncompetitive process to quickly administer the … ensuring the contract prices were fair and reasonable in accordance with Federal Acquisition Regulation and agency … when awarding following contracts. As a result, there is no assurance that the rates SBA paid for services under the …

… regarding evidential matter for audits and investigations. In February 2022, OIG found that SBA had been migrating data …

… Measuring the Role of the SBIC Program in Financing Small Businesses Study conducted by the Federal Research Division of the Library of Congress in July 2017 Report SBA released a study conducted by the Federal Research Division of the Library of Congress in July 2017, which measures the role of the SBIC program in …

… agency’s entity-level control environment was not designed in accordance with federal guidance at the beginning of the COVID-19 assistance programs. The … service without conducting the baseline assessments. With no baseline, the agency could not perform effective …

… Person of the Year: Jaim Krutz, Owner of Big Cuppa, LLC In 2016, Jaim Krutz and her husband Marty were walking … vacant buildings and help to revitalize the small town. In March of 2017, their dreams became a reality and Big Cuppa, LLC opened its doors with Jaim at the helm as the majority owner. This move took a lot of …

… creativity, and good old-fashioned hard work are at the core of this successful veteran-owned business. Rick … NH Lake’s Region treasure, R.A. Page Farmhouse Furniture in Laconia. Rick was inspired at a very young age to learn … form where he served as a musician providing that much needed entertainment and a piece of home for the men and …

… Haskell D. Portee founded his Indianapolis-based company in 2006 after retiring from the U.S. Army. PME is a Minority … assistance they need to build successful revenue streams in the federal marketplace.  Portee took full advantage 8(a) … the SBA’s THRIVE-Emerging Leaders program, graduating at the head of his class.  He has also participated in the …

… from the Information Technology Innovation program at the University of Nebraska Omaha in 2016, it didn’t take him long to realize that the Omaha tech market needed more custom software design and development solutions …