SBA Inspector General Publishes Audit Oversight Plan for 2024
February 22, 2024
Delaney Sexton
Contributing Editor
SBA Inspector General Publishes Audit Oversight Plan for 2024
The OIG outlines the following work as mandatory during 2024:
•SBA’s Compliance with 2023 Improper Payments Reporting Requirements
• SBA’s Fiscal Year (FY) 2023 and FY 2024 Federal Information Security Management Act Reviews
• SBA’s Controls Over Cash Contributions and Gifts
• SBA’s Controls Over its Charge Card Programs
• SBA’s FY 2024 Financial Statement Audit
In 2024, the Audits Division has plans to review the following:
• SBA’s Oversight of Small Business Development Centers’ Compliance with Grant Requirements
• SBA’s Implementation of Service-disabled Veteran-owned Small Business Certification Program
• SBA’s Handling of RRF Awards with PPP Loans Flagged as Potentially Ineligible
• SBA’s Marketing and Outreach Activities
• SBA’s Actions to Address Forgiven PPP Loans Flagged as Potentially Ineligible
• SBA’s High-risk Lender Reviews
• SBA’s Awarding of Small Business Lending Company Licenses
• SBA’s Oversight of FinTech Companies
• SBA’s Handling of Hurricane Ian and Fiona Applicants with COVID-19 Fraud Hold Codes
• COVID-19 EIDLs that Exceeded Applicants’ Monetary Eligibility
• Hurricane Ian Disaster Home Loans for Non-primary Residences
• SBA’s Ability to Service the COVID-19 EIDL Portfolio
• SBA’s Credit Model for Disaster Loan Eligibility
• SBA’s System Development Controls (MySBA, MVP)
• SBA’s Migration from Disaster Credit Management System to Unified Lender Platform
• Follow-up Verification Inspection of Audit of State Trade Expansion Program (Report 18-11)
• Follow-up Verification Inspection of Audit of SBA’s 504 Loan Liquidation Process (Report 16-23)
• Follow-up Verification Inspection of Audit of SBA’s Microloan Program (Report 17-19)