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Source Id
341

SBA's Handling of Identity Theft in the COVID-19 Economic Injury Disaster Loan Program

2024
24-04
Inspection / Evaluation
Small Business Administration OIG
Small Business Administration
Pandemic

This report presents the results of our verification inspection of the U.S. Small Business Administration’s (SBA) corrective actions for the five recommendations from the Office of Inspector General (OIG) evaluation report SBA’s Handling of Identity Theft in the COVID-19 Economic Injury Disaster...

SBA OIG Fall 2023 - Semiannual Report to Congress

2023
Semiannual Report
Small Business Administration OIG
Small Business Administration

This report details the Office of Inspector General's Fall 2023 Semiannual Report to Congress. The following topics are included:• Overview of the SBA and the OIG• Pandemic Response Oversight• Small Business Access to Capital• Disaster Loan Program• Procurement Assistance• Agency Management• Other...

Independent Auditors’ Report on SBA’s Fiscal Year 2023 Financial Statements

2024
24-03
Audit
Small Business Administration OIG
Small Business Administration

The U.S. Small Business Administration (SBA) Office of Inspector General (OIG) contracted with the independent certified public accounting firm KPMG LLP to conduct an audit of SBA’s consolidated balance sheets as of September 30, 2023 and 2022 and the related notes to these statements. Our contract...

SBA's Internal Controls to Prevent Shuttered Venue Operators Grants to Ineligible Applicants

2024
24-02
Inspection / Evaluation
Small Business Administration OIG
Small Business Administration
Pandemic

This report presents the results of our inspection to assess the U.S. Small Business Administration’s (SBA) Shuttered Venue Operators Grant (SVOG) controls to prevent disbursements to ineligible entities. Specifically, our review focused on general eligibility requirements applicable to all SVOG...

Report on the Most Serious Management and Performance Challenges by Office of Inspector General FY2024

2024
24-01
Top Management Challenges
Small Business Administration OIG
Small Business Administration
Pandemic

This report represents our current assessment of the U.S. Small Business Administration's programs and activities that pose significant risks, including those that are particularly vulnerable to fraud, waste, error, mismanagement, or inefficiencies. The Challenges are not presented in order of...

Ending Active Collections on Delinquent COVID-19 Economic Injury Disaster Loans

2023
23-16
Audit
Small Business Administration OIG
Small Business Administration
Pandemic

The Small Business Administration's (SBA) Office of Inspector General (OIG) is issuing this management advisory to bring attention to concerns regarding SBA’s decision to end active collections on delinquent COVID-19 Economic Injury Disaster Loans (EIDL) with an outstanding balance of $100,000 or...

SBA’s Oversight of Restaurant Revitalization Fund Recipients

2023
23-15
Audit
Small Business Administration OIG
Small Business Administration
Pandemic

We reviewed the U.S. Small Business Administration’s (SBA) oversight of Restaurant Revitalization Fund (RRF) recipients. The American Rescue Plan Act of 2021 authorized SBA to administer the RRF and provided $28.6 billion to assist eligible small businesses adversely affected by the Coronavirus...

SBA’s Corrective Actions to Improve Controls Over 7(a) Loans Sold on the Secondary Market

2023
23-14
Inspection / Evaluation
Small Business Administration OIG
Small Business Administration

The U.S. Small Business Administration (SBA) is authorized under Section 7(a) of the Small Business Act to provide financial assistance to small businesses in the form of government guaranteed loans. The secondary market was established to provide greater liquidity to lenders, thereby, expanding the...

SBA’s Reporting of Loan Data to a Commercial Credit Reporting Agency

2023
23-13
Audit
Small Business Administration OIG
Small Business Administration

The Office of Inspector General (OIG) is issuing this management advisory to bring to U.S. Small Business Administration’s (SBA) attention concerns regarding the SBA’s Reporting of Loan Data to a Commercial Credit Reporting Agency. These issues require immediate attention and action by SBA to ensure...

SBA's Corrective Actions to Improve Oversight of the SCORE Association

2023
23-12
Inspection / Evaluation
Small Business Administration OIG
Small Business Administration

We inspected the U.S. Small Business Administration’s (SBA) corrective action(s) for 8 of our 11 recommendations from the Office of Inspector General (OIG) audit report Audit of SBA’s Oversight of the SCORE Association to determine whether SBA continues to practice corrective actions. A verification...

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