Small Business Administration

This management advisory presents the evaluation results of two 7(a) loans as part of our ongoing High Risk 7(a) Loan Review Program. This is the first in a series of advisories for 7(a) loans we reviewed in fiscal year 2019. The objectives of our evaluation were to determine whether (1) high‐dollar...

The objective of the review was to determine whether the Small Business Administration (SBA) had adequate controls over soliciting, accepting, holding, and utilizing cash contributions and gifts. To accomplish our objective, we interviewed key SBA employees and reviewed various management and...

This report details the Office of Inspector General's Fall 2018 Semiannual Report to Congress. The following topics are included:Overview of the SBA and the OIGSmall Business Access to CapitalDisaster Loan ProgramProcurement AssistanceAgency ManagementOther Significant OIG ActivitiesStatistical...

The objectives of our evaluation were to (1) determine whether the Small Business Administration (SBA) was compliant with the Improper Payments Elimination and Recovery Act of 2010 (IPERA) using guidelines outlined in the Office of Management and Budget (OMB) Memorandum M-18-20, Appendix C to OMB...

This audit report presents the results of our review of SBA’s oversight of the SCORE Association. The SCORE program is an entrepreneurial development program administered by the Small Business Administration’s (SBA’s) Office of Entrepreneurship Education within the Office of Entrepreneurial...

This report presents the results of our inspection of the Small Business Administration’s (SBA’s) initial disaster assistance response to Hurricane Florence, the first major hurricane of the 2018 Atlantic hurricane season. This category 1 hurricane made landfall over Wrightsville Beach, North...

When evaluating options for new information technology (IT) deployments, agencies are required to default to cloud-based solutions whenever a secure, reliable, cost-effective cloud option exists. Cloud computing allows users to access and use shared data and computing services. The cloud also...

The Federal Information Security Modernization Act (FISMA) requires that the Office of Inspector General (OIG) reviews the Small Business Administration’s (SBA’s) information security program. To determine SBA’s compliance with FISMA, OIG contracted with an independent public accountant, KPMG, to...

This report presents the results of our audit of the Small Business Administration’s (SBA’s) controls over loans sold on the secondary market. The SBA secondary market program allows lenders to sell the guaranteed portions of their SBA 7(a) loans to private investors at a premium to provide expanded...