The Payment Integrity Information Act of 2019 requires an annual audit of the Small Business Administration’s (SBA) improper payment reporting. We contracted with the independent certified public accounting firm KPMG LLP to audit SBA’s Fiscal Year 2021 compliance with the Act.In the report, KPMG auditors found the agency was compliant with 5 of the 10 reporting requirements under the Act and Office of Management and Budget (OMB) guidance.However, SBA is not in compliance with the Act because• the agency did not conduct or update the improper payment risk assessment for each program with annual outlays greater than $10 million;• three of four reported areas did not publish an improper payment and unknown payment reduction target; • the Disaster Direct Loan Program did not publish corrective action plans, demonstrate improvement to payment integrity or develop a plan to meet the improper payment and unknown payment reduction target, and • the Disaster Direct Loan Program reported a gross improper payments and unknown payments rate exceeding 10 percent, which is the higher than the amount allowed by lawIn addition, KPMG found the agency needs to improve the accuracy and appropriateness of improper payment reporting. The agency also needs to improve controls to prevent and reduce improper payments.
| Report Date | Agency Reviewed / Investigated | Report Title | Type | Location | |
|---|---|---|---|---|---|
| Small Business Administration | Independent Auditors’ Report on SBA’s Fiscal Year 2021 Compliance with the Payment Integrity Information Act of 2019 | Audit | Agency-Wide | View Report | |
| Department of the Treasury | Overseas Contingency Operations - Summary of Work Performed by the Department of the Treasury Related to Terrorist Financing and Anti-Money Laundering for Second Quarter Fiscal Year 2022 | Other | Agency-Wide | View Report | |
| Department of Justice | Audit of the Executive Office for United States Attorneys Information Security Program Pursuant to the Federal Information Security Modernization Act of 2014, Fiscal Year 2021 | Audit | Agency-Wide | View Report | |
| Department of Justice | Audit of the Office of Justice Programs Awards Made to the Call to Freedom, Inc., Sioux Falls, South Dakota | Audit |
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View Report | |
| Department of Justice | Audit of the Executive Office for United States Attorneys United States Attorneys' Virtual Office Network System Pursuant to the Federal Information Security Modernization Act of 2014, Fiscal Year 2021 | Audit | Agency-Wide | View Report | |
| Department of Defense | Audit of North American Aerospace Defense Command and U.S. Northern Command Use of Coronavirus Aid, Relief, and Economic Security Act Funding | Audit | Agency-Wide | View Report | |
| Federal Deposit Insurance Corporation | DOJ Press Release: Pennsylvania Man Charged with $1.7 Million Paycheck Protection Program Loan Fraud Scheme | Investigation |
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View Report | |
| Architect of the Capitol | Semiannual Report to The Congress | Semiannual Report | Agency-Wide | View Report | |
| National Credit Union Administration | Semiannual Report to the Congress (October 1, 2021 - March 31, 2022) | Semiannual Report | Agency-Wide | View Report | |
| Smithsonian Institution | Semiannual Report to Congress for the period ending March 31, 2022 | Semiannual Report | Agency-Wide | View Report | |
