UNITED STATES SMALL BUSINESS ADMINISTRATION
“The Office of Inspector General issued a report that represents our 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, mismanagement, or inefficiencies.”
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Message From the Inspector General
“I am pleased to present the Office of Inspector General (OIG) Report on the Top Management and Performance Challenges Facing the Small Business Administration in Fiscal Year 2023.
Over 2 years have passed since the start of the Coronavirus Disease 2019 (COVID-19) pandemic economic crisis, and OIG continues to provide independent and objective oversight of the U.S. Small Business Administration (SBA). SBA has faced a steady stream of unprecedented new challenges as the primary agency responsible for providing nationwide assistance to small businesses during the crisis.
However, even before the pandemic, SBA faced major challenges in managing enormous financial lending programs, information technology, and other areas. This report discusses eight major performance challenge areas and the issues that contribute to the challenges, many of which we have discussed in previous OIG reports (see Table 2).
I believe managing COVID-19 stimulus lending is the greatest overall challenge facing SBA, and it may likely continue to be for many years as the agency grapples with fraud in the programs, particularly in the Economic Injury Disaster Loan Program and the processing of Paycheck Protection Program loan forgiveness. Pandemic response has, in many instances, magnified the challenging systemic issues in SBA’s mission-related work.
OIG remains committed to protecting the interests of all American taxpayers by promoting positive change within SBA and across government. Our audits and investigations continue to keep watch over government contractors for business ethics, integrity, honesty, and competency along with SBA programs, ensuring taxpayer dollars are spent efficiently according to intent”
https://www.sba.gov/sites/default/files/2022-10/SBA%20OIG%20Report%2023-01_0.pdf?utm_medium=email&utm_source=govdelivery
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