The Small Business Administration's (SBA) Office of Inspector General (OIG) found "systemic issues" with SBA's grant programs. Specifically, financial and performance oversight. According to the report, SBA did not enforce … READ MORE
Small Business Administration
SBA Under-reported Improper Payments in Disaster Loan Program
The Small Business Administration Office of inspector General released an audit of the accuracy of the FY2015 Disaster Loan Program Improper Payments Rate. The SBA disaster loan program provides low … READ MORE
SBA OIG: Report on the Most Serious Management and Performance Challenges Facing the Small Business Administration in Fiscal Year 2018
This report represents OIG's 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, … READ MORE
SBA OIG: SBA’s Management of Voluntary Early Retirement Authority and Voluntary Separation Incentive Payment Program
This audit report presents the results of our audit of the Small Business Administration’s (SBA’s) management of the fiscal year (FY) 2014 Voluntary Early Retirement Authority (VERA) and Voluntary … READ MORE
SBA OIG: SBA’s FY 2015 Progress in Reducing Improper Payments
SBA was not compliant with IPERA reporting requirements: disbursements for goods and services had an improper payment rate that exceeded the 10 percent threshold; and Sections 7(a) and 504 … READ MORE
SBA OIG: Review of SBA Executive and Political Appointee Travel
SBA did not always ensure local, domestic, and international travel authorizations and vouchers complied with Federal and SBA travel regulations. For 10 out of 40 TDY trips (25 percent), we … READ MORE
SBA OIG: FY 2015 Risk Assessment of SBA Charge Card Programs
For FY 2015 (October 1, 2014 to September 30, 2015), SBA’s 179 active purchase card holders spent a total of $4.6 million. Among other issues with the charge card … READ MORE
SBA OIG: Report on the Regulatory Flexibility Act, FY 2015
The SBA's Office of Advocacy's involvement in the rulemaking process in 2015 and previous years, announced cost savings amounting to $1.6 billion. This cost savings comes from work on … READ MORE