Text of Recommendation | Reevaluate the appropriateness and update SBA’s existing policies and procedures to ensure they are supported by quality information stemming from effective control activities. This includes assessing the recoverability of COVID-19 EIDLs prior to charge-off. Perform a regular review of implemented policies to ensure they are responding to relevant risks. |
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Recommendation Number | 13 |
Recommendation Status | Open |
Significant Recommendation | Yes |
Submitting OIG | |
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Linked Report |