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OIG-CA-22-021: Termination Memorandum – Audit of Treasury’s Implementation of the SSBCI Program

Summary

A Treasury Office of Inspector General termination memorandum, OIG-CA-22-021, dated September 20, 2022, from Deborah L. Harker to Jacob Leibenluft, Chief Recovery Officer, ending an audit of Treasury's implementation of the State Small Business Credit Initiative (SSBCI) Program (S-SC-22-007). The OIG began the audit in December 2021, with a scope of implementation activities from March 2021 through March 2022. After meeting the Government Accountability Office team on January 27, 2022, the OIG found considerable overlap with GAO's own audit of the SSBCI Program. The memo states that a separate audit would be redundant while GAO's audit continues, and that GAO agreed to provide progress updates.

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Cite this document

“OIG-CA-22-021: Termination Memorandum – Audit of Treasury’s Implementation of the SSBCI Program.” Original at www.oversight.gov. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/oig-ca-22-021-dfdda13aa7/, SHA-256 a97059d88eb1037ca1ab7d37946c41848f520174f0ff0a9208ad28e9bda1e0df.

Full text

                                      DEPARTMENT OF THE TREASURY
                                            W ASHINGTON, D.C. 20220




     OFFICE OF
INSPECTOR GENERAL
                                            September 20, 2022


            OIG-CA-22-021

            MEMORANDUM FOR JACOB LEIBENLUFT, CHIEF RECOVERY OFFICER
                            OFFICE OF RECOVERY PROGRAMS

            FROM:                  Deborah L. Harker /s/
                                   Assistant Inspector General for Audit

            SUBJECT:               Termination Memorandum – Audit of the Department of the
                                   Treasury’s (Treasury) Implementation of the State Small
                                   Business Credit Initiative (SSBCI) Program (S-SC-22-007)

            In December 2021, we initiated an audit of Treasury’s implementation of the SSBCI
            Program. Our audit objective was to assess Treasury’s progress made to implement
            the SSBCI Program, including the development of allocation agreements, policy
            guidance materials, timely allocation and tracking of initial funding, and internal
            controls to ensure the effective and efficient administration of the program. The
            scope of our audit included all implementation activities from March 2021 through
            March 2022. We initiated this audit as part of our annual plan for fiscal year 2022.
            We conducted the entrance conference meeting with SSBCI Program officials on
            January 21, 2022. During this meeting, we acknowledged that the Government
            Accountability Office (GAO) was conducting a similar audit of the SSBCI Program.
            We informed SSBCI officials that we would coordinate with the GAO team to
            prevent any unnecessary duplication of work or burden on Treasury.

            On January 27, 2022, we met with the GAO team assigned to audit the SSBCI
            Program. During the meeting, GAO shared the audit objectives and the scope of
            their audit, which included: (1) evaluating staffing in the SSBCI Program office,
            (2) determining management of initial implementation action steps and timeframes,
            (3) determining allocations and disbursements to eligible jurisdictions, (4) evaluating
            outreach and assistance to states, U.S. territories and Tribal governments,
            (5) evaluating management of key program risks, and (6) evaluating post-award
            monitoring and program performance. Through additional discussion, and the
            considerable overlap of audit objectives and timeframes for our audit and GAO’s,
            we determined that our office would take a step back and focus on areas not in
            GAO’s current audit. Given this step back, we requested and GAO agreed to
            provide progress updates of the SSBCI audit as it continues.
Page 2

At this time, we believe that it is redundant to devote resources to conduct an
audit of Treasury’s SSBCI Program implementation progress, while GAO conducts
an audit with considerable objectives and timeframe overlaps. Accordingly, we are
terminating this audit. Please note that the Audit of the Treasury’s Implementation
of the State Small Business Credit Initiative Program (Job# S-SC-22-007) will be
removed from our Monthly Status Report.

We appreciate the courtesies and assistance provided by your staff. If you have
any questions, please contact me at (202) 486-1420 or Susan Barron, Deputy
Assistant Inspector General for Audit, at (202) 439-6244.


cc: Jeffrey Stout, Program Director, SSBCI
    Danielle Christensen, Deputy Director, SSBCI
    Michelle A. Dickerman, Deputy Assistant General Counsel - Litigation,
      Oversight, and Financial Stability
    Amanda Shulak, Attorney Advisor, Audit Liaison for SSBCI Directorate
    Michael Clements, Managing Director, GAO

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OIG-CA-22-021.pdf
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OIG-CA-22-021.pdf
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www.oversight.gov
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