Audit Report 16-04, Management Letter - SBA’s FY 2015 Financial Statements Audit

On December 11, 2015, the OIG issued the Independent Public Accountant or (IPA’s) Management Letter in Audit Report 16-04, Management Letter - SBA’s FY 2015 Financial Statements Audit. The IPA’s Management Letter includes information related to non-reportable findings identified during the IPA’s audit of the SBA’s FY 2015 financial statements.

In this letter, the IPA noted four matters involving internal controls and other operational matters that included: (1) Deficiencies in Lender Assessment Corrective Action Follow-up; (2) Deficiencies in Lender Delegated Authority Renewals; (3) Deficiencies in Disaster Loan Servicing; and (4) inadequate reviews of STAR time and attendance reports.