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089619 1 (1975-08-18)

handle is hein.gao/gaobacvrc0001 and id is 1 raw text is: 2 7~ Mr. Ottley R. Tscha District Director Small Business Adii Post Office Box 169 Helena, Montana 59 UNITED STATES GENERAL ACCOUNTING OFFICE REGIONAL OFFICE SUITE 300-D, 2420 W. 26TH AVENUE DENVER, COLORADO 80211 cke eLMO9619 iistration 0 601 Dear Mr. TSchacke: Tis is to -otify you that we have completed our work on the Review of the Sual 1usiness dministration's management, organization and review functious, zode 07765. I wish to take this opportunity to express my apreciazion :or the sistance and cooperation extended Messrs. Neely and 3uschy ofr staff. To ontai- opinions on suggested modifications to SBA's Standards of Conduct Pro-ra, we interviewed several members of your staff. We were snecificaliv interested in their opinions on the ownership of bank stock by 53A. enloyees, expanding the requirement to file statements of employ- men: an: :inarncial iuterest, and the responsibility to monitor these state- ments. We also interviewed selected employees and reviewed necessary documentation to resolve questions concerning potential conflict of interest situations. The results of this review did not disclose any matters re- quiring your attention. During our examination of SBA review functions, we noted that circum- stances sinilar to those identified in one SBA internal audit report existed in the Helena District. These items were discussed with you and appropriate rezional nersonnel during our exit conferences. The report was numter 8-74, Report of Audit on the Preliminary Review of Post Examination and Report Upon Purchase of Guaranteed Loans, dated May 3, 1974. Although we did not perform a detailed review of your records concerning the subject of this report, the following circumstances were noted: --Post purchase exanination forms were available but were not being used to assure coverage of all required elements of the examination. --Th District Counsel is often unable to express an opinion on the legal aspects of the loan specialists' reports because some required data is not included in their reports. - r iyl (r, f,7 ,k,

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