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SBIC Executive Summary
… as banks, pension funds or high net-worth individuals, with government-guaranteed debt obtained through the program. … debt and share the profits from its investments with the private investors that backed the fund. Version … -
Audit of SBA's Oversight of the SCORE Association
… funds. Specifically, SCORE commingled federal funds with unrestricted donations and used federal funds for … its intended purpose. We made, and management agreed with, 11 recommendations that, if implemented, will improve … -
SBA's Cloud Migration and Oversight
… and oversight efforts. SBA management fully agreed with four recommendations and partially agreed with four recommendations. We found that the planned … -
FY 2018 Risk Assessment of SBA's Charge Card Programs
… 18-24 This risk assessment was performed in accordance with the Office of Management and Budget Memorandum M-13-21, … improper, or erroneous purchases and payments associated with SBA’s purchase and travel card programs and (2) … -
SBA Controls Over FY 2017 and 2018 Cash Contributions and Gifts
… the Administrator or designee. We found that SBA complied with the Acts when accepting and holding cash by depositing … making it available to program offices for expenditure. No gifts were solicited during our scope period. However, improvement is needed in the Agency’s controls over the utilization of gift … -
Audit of State Trade Expansion Program
… (SBA’s) State Trade Expansion Program (STEP) with the objectives (1) to determine the extent to which STEP … and providing effective oversight to assist recipients with meeting their goals, SBA is at risk of not fully … -
Audit of RISE Act Eligibility Controls
… invoices, and other documentation of incurred costs needed to support damage claims. As a result, SBA approved … amounts. Since some properties had been fully repaired, with no remaining physical damage to view, this documentary … -
KPMG Management Letters Communicating Matters Relative to SBA's FY 2017 Financial Statement Audit and DATA Act Attestation Engagement
… DATA Act Attestation Engagement Report 18-08 We contracted with the independent certified public accounting firm KPMG … SBA’s FY 2017 second quarter submission, in accordance with the Digital Accountability and Transparency Act of 2014 … statement audit (see Exhibit I), and improvement was needed in information technology general and application … -
SBA's Management of Voluntary Early Retirement Authority and Voluntary Separation Incentive Payment Program
… as well as when downsizing. VSIP, often combined with VERA, allows agencies to offer lump-sum payments to … who are in surplus positions or have skills that are no longer needed in the workforce, as an incentive to separate. Our … -
Audit of New York Small Business Center’s Phase 2 Technical Assistance Grant
… to NYSBDC for Phase 2 to determine whether NYSBDC complied with grant requirements related to Federal expenditures and program performance. We found that both NYSBDC and OED needed to improve their methods for gathering and reporting … Hurricane Sandy technical assistance. SBA partially agreed with three recommendations and disagreed with two … -
Report 17-07: FY 2016 SBA Charge Card Programs Risk Assessment and Status of Prior Audit Recommendations
… for fiscal year 2016, and was performed in accordance with Office of Management and Budget (OMB) Memorandum … improper, or erroneous purchases and payments associated with SBA’s purchase and travel card programs and (2) … to address the requirements in Appendix B to OMB Circular No. A-123, Improving the Management of Government Charge Card … -
Audit Report 15-13: Hurricane Sandy Expedited Loan Processes
… the risks of loan default, and to ensure SBA complied with the processes. The Office of Inspector General (OIG) … training for loan officers. If another disaster occurs with a similar magnitude to Hurricane Sandy, the Agency could … -
Evaluation Report 15-11: SBA’s FY 2014 Compliance with the Improper Payments Elimination and Recovery Act
… Evaluation Report 15-11: SBA’s FY 2014 Compliance with the Improper Payments Elimination and Recovery Act Evaluation Report 15-11: SBA’s FY 2014 Compliance with the Improper Payments Elimination and Recovery Act … Budget (OMB) Memorandum M-15-02, Appendix C to Circular No. A-123 , Requirements for Effective Estimation and … -
Audit Report 14-15: Opportunities Exist for the SBA to Improve the Monitoring of Non-Manufacturer Rule Waivers and Determine the Impact on Small Businesses
… From FY 2010 to FY 2013, the SBA approved waivers with an estimated total of approximately $10.6 billion federal contracting dollars associated with set‑aside contracts for small businesses. The OIG … -
Audit Report 13-15: Briefing Report for the FY 2012 Federal Information Security Management Act Review
… of the SBA. Under FISMA, agencies report their compliance with information security requirements. The OIG reports on … of the agency’s information security program in accordance with OMB criteria. For Fiscal Year (FY) 2012, the OIG was … -
Audit Briefing Report 13-11: The SBA’s Loan Management and Accounting System- Incremental Improvement Projects
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Audit Report 13-13: Evaluation of SBA’s Progress in Reducing Improper Payments in FY 2012
… audit was to determine the adequacy of SBA’s compliance with IPERA and OMB’s implementing guidance. Report 13-13 The … audit was to determine the adequacy of SBA’s compliance with IPERA and OMB’s implementing guidance. To achieve the … these accomplishments, further improvement is still needed in the effectiveness and development of SBA improper … -
Audit Report 13-10: The Small Business Administration Did Not Effectively Assess Disaster Assistance Staffing Requirements, Availability, and Readiness
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Audit Report 15-04: Management Letter - SBA’s FY 2014 Financial Statements Audit
… other operational matters that included: (1) improvement needed in the timely issuance of safety and soundness …