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Brought to you by the Council of the Inspectors General on Integrity and Efficiency
Federal Reports
Report Date
Agency Reviewed / Investigated
Report Title
Type
Location
U.S. Agency for International Development
Financial Closeout Audit of USAID Resources Managed by African Parks Network in Multiple Countries Under Multiple Awards, January 1 to September 30, 2024
Examination of the Morganti Group, Inc.'s Compliance with the Terms and Conditions of Contract AID-294-I-17-00003 Building Foundations, Task Order 72029422F00002 in West Bank and Gaza, October 27, 2022, to December 31, 2023
Examination of Masoud and Ali and Partners Contracting Company's Compliance with its Sub-Contract under Prime, The Morganti Group, Inc., Task Order 72029422F00002 in West Bank and Gaza, November 9, 2022, to December 31, 2023
The Office of Inspector General is issuing this audit report to determine the U.S. Small Business Administration’s (SBA) efforts to collect on delinquent Coronavirus Disease 2019 (COVID-19) Economic Injury Disaster Loans (EIDL) with collateral and personal guarantors.
We found that SBA did not perfect its security interest on borrower deposit accounts, conduct post-default site visits, report all delinquent obligors to credit bureaus, or refer debts to the U.S. Department of Justice for litigation.
We recommended SBA conduct a study to determine the minimum loan dollar thresholds for performing site visits, implement policies and procedures based the results of that study, and ensure post-default site visits are conducted and available collateral is liquidated on delinquent COVID-19 EIDLs; verify that all delinquent COVID-19 EIDL obligors are reported to credit bureaus in a timely manner; and confer with the U.S. Department of Justice to establish a reasonable standard for referring delinquent COVID-19 EIDLs for litigation.
SBA management agreed with one recommendation and disagreed with two. Management’s planned action resolved Recommendation 2; however, management’s response did not resolve Recommendations 1 and 3.
Audit of the Office of Justice Programs Bureau of Justice Assistance Second Chance Act Community-Based Reentry Program Grant Awarded to the Ladies Empowerment and Action Program, Inc., South Miami, Florida