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Internal controls (21 - 26 of 26 items)
The Small Business Administration: Loan Origination and Debt Collection Processes
AIMD-00-45R: Published: Nov 30, 1999. Publicly Released: Nov 30, 1999.
Pursuant to a congressional request, GAO provided information on the Small Business Administration's (SBA) loan origination and debt collection processes, focusing on the extent to which SBA has established: (1) adequate loan origination procedures and consistently obtains the required documents and data necessary for determining whether loan applicants comply with the program's statutory, regulat...
Insurance Regulation: The National Association of Insurance Commissioners' Accreditation Program Continues to Exhibit Fundamental Problems
T-GGD-93-26: Published: Jun 9, 1993. Publicly Released: Jun 9, 1993.
GAO discussed the National Association of Insurance Commissioners' (NAIC) efforts to improve and standardize insurance solvency regulation. GAO noted that: (1) states have attempted to improve the quality of insurance regulation by adopting the financial regulation standards set forth in the NAIC accreditation program; (2) NAIC and its review teams have interpreted the financial regulatory standar...
Insurer Failures: Regulators Failed to Respond in Timely and Forceful Manner in Four Large Life Insurer Failures
T-GGD-92-43: Published: Sep 9, 1992. Publicly Released: Sep 9, 1992.
GAO discussed the failures of four large insurance companies and the effectiveness of state solvency regulation of those companies. GAO noted that: (1) the four insurers failed due mainly to poorly controlled growth and risky investments; (2) their internal controls and governance were very weak; and (3) the four insurers received millions of dollars in surplus relief from their parent holding com...
Insurance Industry: Questions and Concerns About Solvency Regulation
T-GGD-91-10: Published: Feb 27, 1991. Publicly Released: Feb 27, 1991.
GAO discussed the condition and regulation of the insurance industry, focusing on the: (1) financial condition parallels existing between the insurance industry and the savings and loan industry; and (2) quality of insurance regulation and oversight. GAO noted that: (1) although the insurance industry had not experienced the difficulties that the savings and loan industry had, failed firms in both...
Insurance Regulation: State Reinsurance Oversight Increased, but Problems Remain
GGD-90-82: Published: May 4, 1990. Publicly Released: May 4, 1990.
Pursuant to a congressional request, GAO reviewed property/casualty reinsurance practices and regulations, focusing on: (1) the types and limitations of reinsurance activity data available to regulators; (2) the extent of state reinsurance regulation; and (3) recent regulatory improvements.GAO found that: (1) state regulators could not adequately assess the effect of reinsurance on its participant...
The Small Business Administration's Second-Year Implementation of the Federal Managers' Financial Integrity Act
RCED-86-24: Published: Oct 18, 1985. Publicly Released: Oct 18, 1985.
GAO evaluated the Small Business Administration's (SBA) implementation of the Federal Managers' Financial Integrity Act (FMFIA) to determine: (1) the progress it has made to identify and correct internal control weaknesses and to evaluate systems of internal controls; (2) whether SBA accounting systems and evaluations conform to GAO requirements; and (3) the accuracy and completeness of the Admini...