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FY2011 Recovery Act Work Plan

To view the entire FY2011 Recovery Act Work Plan, please click the PDF attachment below.

OIG Broad Recovery Act Goals:

The OIG has developed oversight plans for deploying additional resources to monitor, evaluate, and report on the performance and oversight of SBA's programs under the Act. These new programs and program changes are inherently high risk, requiring the Agency to establish effective controls and adequate oversight. Therefore, the OIG’s oversight efforts will focus heavily on assessing these controls and detecting and deterring fraud, waste and abuse in Recovery Act programs.

OIG Broad Training and Outreach Recovery Act Goals:

The OIG conducted outreach efforts to raise fraud awareness and engage industry trade groups. Outreach efforts focused on providing SBA lenders and employees with information on detecting fraud patterns that have been identified in OIG loan fraud investigations through written guidance, website information, and presentations at trade group events, as well as notifying the public of scams. Additionally, the OIG has posted the results of audits and other reviews on its Recovery Act website. We plan to continue outreach efforts in FY 2011.

OIG Recovery Act Risk Assessment Process:

The OIG has taken a number of actions to alert Agency managers of risks and recommend cost effective controls to help prevent fraud, waste, and abuse, and ensure program goals are achieved and stimulus funds are accurately tracked and reported. In FY 2011 we will continue our reviews of SBA's of Recovery Act loans to determine if loans were originated, closed, and liquidated in accordance with SBA's rules and regulations and commercially prudent lending standards. We will also review SBA's implementation of its secondary market first lien 504 loan pool guarantee program under the Recovery Act. As we identify risks and improper payments, we will continue to provide Agency managers with comments and recommendations for ways to mitigate these risks. SBA OIG also tracks information on all hotline complaints pertaining to Recovery Act loans to assist in determining patterns and trends of fraudulent activity by companies and individuals awarded these loans.

The attached document includes a table which discusses the FY 2011 OIG Recovery Act Plan Overview.

The table addresses the following topics:

  • Agency

  • Program Area

  • Agency Recovery Act Funds

  • Agency Recovery Act Funds Associated with Progam Area

  • Type of Review (Administrative / Financial, Eligibility, Performance, Other)

  • Entity Performing Review (OIG Staff, Contractor, Other)

  • Project Title

  • Background

  • Objective

  • Expected Quarter in which Work will Start

  • Expected Quarter in which Final Report will be Issued

  • Expected Number of Reports

Attachments: FY 2011 Recovery Act Work Plan(REV).pdf