As a result of the Small Business Lending Fund enacted into law as part of the Small Business Jobs Act of 2010, the AICPA Audit and Attest Standards staff has issued Technical Practice Aid (TPA) 9110.18, “Small Business Lending Fund Auditor Certification Guidance.”
The aid provides guidance on how an independent auditor may certify that the processes and controls used to generate the supplemental reports that contain the amount of a community bank’s qualified small business lending are satisfactory. It also provides an illustration of a report an auditor may use when, as a result of the auditor’s audit procedures, nothing has come to the his or her attention to indicate that the bank failed to comply with the terms of the Small Business Lending Fund.
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