Report Type
Report Category
Submitting Agency
State/Local Agency
State (State and Local Reports)
Fraud Type
Agency Reviewed
- (-) Department of Agriculture (7)
- (-) Department of the Treasury (37)
- (-) Small Business Administration (28)
- Board of Governors of the Federal Reserve System (1)
- Board of Governors of the Federal Reserve System & CFPB (1)
- Chemical Safety and Hazard Investigation Board (1)
- Department of Defense (18)
- Department of Education (15)
- Department of Health & Human Services (28)
- Department of Homeland Security (28)
- Department of Housing and Urban Development (1)
- Department of Justice (6)
- Department of Labor (36)
- Department of the Interior (8)
- Department of Transportation (4)
- Department of Veterans Affairs (27)
- Election Assistance Commission (13)
- Environmental Protection Agency (4)
- Farm Credit Administration (1)
- Federal Deposit Insurance Corporation (1)
- General Services Administration (4)
- Internal Revenue Service (27)
- Multiple Agencies (1)
- National Science Foundation (11)
- National Security Agency (1)
- Pension Benefit Guaranty Corporation (1)
- Railroad Retirement Board (5)
- Securities and Exchange Commission (1)
- Social Security Administration (3)
- Tennessee Valley Authority (3)
- U.S. Agency for International Development (1)
- U.S. Postal Service (11)
Related Organizations
Management Challenges
Any Recommendations
Any Open Recommendations
Reports
Inspection of Small Business Administration's Initial Disaster Assistance Response to the Coronavirus Pandemic
Review all loans that had a bank account number changed from that shown on the original application to determine if the changes were legitimate or fraudulent. If not legitimate, work to recover the funds, deobligate any undisbursed funds, and refer to the OIG.
Strengthen controls for verifying an entity’s start date to ensure applicants meet eligibility requirements.
Establish or strengthen controls to ensure loan deposits are made to legitimate bank accounts for eligible borrowers only.
Review duplicate loans to IP addresses, email addresses, business addresses, and bank accounts to determine if there are undisbursed funds that should be suspended until the duplicate loans are assessed for eligibility.
Cancel all ineligible loans that are not disbursed, recover funds from all loans disbursed to ineligible applicants, and flag those loans for the improper payments estimation process.
Strengthen or establish controls to ensure multiple loans are provided only to eligible applicants and prevent the erroneous duplication of loans.
Strengthen data integrity to make it possible to determine if the inaccurate information allowed loans to be made to ineligible entities and to strengthen SBA’s ability to service loans appropriately.
Review the applicants with approved loans to determine if there are undisbursed funds remaining that should be suspended until the business start date is verified and the applicant is deemed eligible based on the CARES Act eligibility requirements. If the applicant is deemed ineligible, recover any disbursed funds, deobligate any undisbursed funds, and flag the application as ineligible.
Review the advance grants to determine if the application was legitimate and the business met CARES Act eligibility requirements. If not, recover the funds and flag the application as ineligible.
Revise the FY 2021 Improper Payments Act Checklist to include checking EIN dates for COVID-19 EIDLs and advance grants or program the system to flag erroneously approved loans and advance grants as improper payments; the information should be used during the FY 2021 improper payments estimation process.
Interim Audit Update – Coronavirus Relief Fund Recipient Reporting
Treasury management should support our office in accomplishing our monitoring and oversight responsibilities in the following ways: (1) assist in communications with Coronavirus Relief Fund recipients on matters that include, but are not limited to, communications of reporting and record keeping requirements and other audit inquiries, as needed; (2) ensure that Treasury maintains communication channels with recipients to obtain and address post-payment inquiries regarding specific payments; and (3) continue to update Coronavirus Relief Fund guidance and disseminate to recipients as needed.