SBA OIG Supplemental Oversight Plan 2020
Summary
SBA Office of Inspector General Audits Division Supplemental Oversight Plan 2020, setting out audit and review priorities in response to COVID-19 and the OIG's added oversight responsibilities under the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Completed work in 2020 includes white papers on lessons from prior audits of economic stimulus loans and of Economic Injury Disaster Loans. Planned 2020 work includes SBA's implementation of the Paycheck Protection Program, eligibility of PPP loans, SBA's initial response to COVID-19 EIDL and EIDL use of proceeds. Future work for 2021 includes duplication of PPP and EIDL benefits to the same businesses and use of PPP proceeds.
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U.S. SMALL BUSINESS ADMINISTRATION OFFICE OF INSPECTOR GENERAL
AUDITS DIVISION
SUPPLEMENTAL OVERSIGHT PLAN 2020
This supplemental oversight plan outlines the U.S. Small Business Administration (SBA) Office of
Inspector General’s (OIG) audit and review priorities in response to the impact of COVID-19 on
SBA operations and our increased oversight responsibilities related to the Coronavirus Aid,
Relief, and Economic Security (CARES) Act. (Note: New statutory mandates, Congressional
requests, Hotline complaints, or SBA requests could result in changes to this plan.)
COMPLETED WORK – 2020
• White Paper – Risk Awareness and Lessons Learned from Prior Audits of Economic Stimulus
Loans
• White Paper – Risk Awareness and Lessons Learned from Prior Audits and Inspections of
Economic Injury Disaster Loans and Other Disaster Lending
PLANNED WORK – 2020
Small Business Access to Capital
• SBA’s Initial Response to COVID-19 Loans
• SBA’s Implementation of the Paycheck Protection Program
• Eligibility of Loans Made Under the Paycheck Protection Program
Disaster Loan Program
• SBA’s Initial Response to COVID-19 Economic Injury Disaster Loans (EIDL)
• COVID-19 Economic Injury Disaster Loans (EIDL) – Use of Proceeds
Business Development and Procurement Assistance
• White Paper - Risk Awareness and Lessons Learned from Prior Audits of Entrepreneurial
Development Programs
• SBA’s Award Procedures for CARES Act Grants
• SBA’s Oversight of Resource Partner Associations’ Implementation of CARES Act
Requirements
• SBA’s Quality Assurance of CARES Act Performance Data Reported in the Entrepreneurial
Development Management Information System
Financial Reporting
• CARES Act – Preliminary Independent Public Accountant Risk Assessment
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FUTURE WORK – 2021
Small Business Access to Capital
• Duplication of Paycheck Protection Program and EIDL Benefits to the Same Businesses
• Use of Proceeds on Loans Made Under the Paycheck Protection Program
• Approval of Loans Forgiven under the CARES Act
• Approval Process at the Loan Guaranty Purchase Center for CARES Act Loans
• Lenders Reporting of Loans Subsidized by SBA under the CARES Act
• 7(a) Loan CARES Act Capping Report
Disaster Loan Program
• COVID-19 EIDLs – Business Eligibility
• COVID-19 EIDLs – Credit Worthiness/Repayment Ability
• High-Dollar Early-Default COVID-19 EIDLs
• COVID-19 EIDLs – Proof of Insurance
Business Development and Procurement Assistance
• SBA’s Oversight of Small Business Development Centers’ compliance with CARES Act grant
requirements
• SBA’s Oversight of Women Business Centers' compliance with CARES Act grant
requirements
• SBA’s Oversight of Resource Partner Associations CARES Act grant requirements
If you are aware of fraud, waste, abuse, or mismanagement at SBA or within its programs,
please visit our website at www.sba.gov/oig/hotline or call us at (800) 767-0385.
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