Reports
This page provides the Office of Inspector General's Recovery Act Monthly Reports.
The American Recovery and Reinvestment Act of 2009 (Recovery Act) provides for reduced loan fees, higher guaranties, new SBA credit programs, secondary market incentives, and enhancements to current SBA programs to help unlock credit markets and begin economic recovery for the nation’s small business sector.
Please follow the links and information below for additional information.
-
This audit report presents the results of the OIG’s audit of the origination and closing of 504 Recovery Act loans. The OIG found that the SBA generally originated and closed 504 Recovery Act loans in accordance with SBA...
-
This report presents the results of the audit of actions taken by the Small Business Administration to mitigate material lender risks identified in on-site reviews before and after passage of the American Recovery and Reinvestment Act...
-
On September 4, 2012, the OIG issued Advisory Memorandum 12-19R, A Non-Manufacturer Rule Waiver Allowed an 8(a) Recovery Act Contract to Bypass Established Small Business Requirements. This advisory memorandum is the first in a...
-
The attached Management Letter discusses a matter identified during KPMG's audit of SBA's FY 2011 financial statements that relates to SBA's compliance with guidance for approving Section 503 - 504 First Mortagage Lien...
-
On September 30, 2011, the OIG issued the third in a series of reports resulting from our ongoing audit of purchased 7(a) Recovery Act loans. This report identifies documentation deficiencies found in twenty-four, or 40 percent, of a...
-
This was the second in a series of reports resulting from our ongoing audit of purchased 7(a) Recovery Act loans. The report identified five early-defaulted loans that resulted in questioned costs of $2.7 million and warrant immediate...
-
This report identifies four early-defaulted loans that warrant immediate attention by the Small Business Administration (SBA) in order to recover approximately $3.2 million. We reviewed these loans as part of our ongoing audit of...
-
This report represents the results of our audit regarding the effectiveness of the Small Business Administration’s (SBA) internal controls to ensure the quality of federal spending information that is made available to the...
-
Memorandum To: Grady Hedgespeth Director, Office of Financial Assistance John A. Miller Director, Office of Financial Program Operations /s/ Original Signed From: Peter L. McClintock Deputy Inspector General Date: March 2,...
-
Memorandum To: Steven Smits Associate Administrator for Capital Access /s/ Original Signed From: Peter McClintock Deputy Inspector General Subject: Recovery Act 7(a) Loan Guaranty Approvals ROM 11-02 Date: December 15, 2010...
