INDEPENDENT ACCOUNTANTS’REPORT ON THE PERFORMANCE AUDIT OFCNA SURETY COMPANIES Performed by:Cotton & Company LLPCertified Public Accountants333 North Fairfax Street, Suite 401Alexandria, Virginia 22314U.S. SMALL BUSINESS ADMINISTRATIONOFFICE OF INSPECTOR GENERALWASHINGTON, D.C. 20416AUDIT REPORTIssue Date: February 28, 2002Number: 2-06To: Robert J. MoffittAssociate Administrator, Office of Surety GuaranteesFrom: Robert G. SeabrooksAssistant Inspector General for AuditingSubject: Audit of CNA Surety CompaniesAttached is the audit report on CNA Surety Companies issued by Cotton & CompanyLLP. The report discusses the following issues: (1) status reports were not maintained for onebond, and (2) a duplicate claim payment was made on one bond that was reimbursed by SBA.You may release this report to the duly authorized representative of CNA SuretyCompanies. The findings included in this report are based on the auditors’ conclusions. Thefindings and recommendations are subject to review, management decision, and corrective actionby your office in accordance with existing Agency procedures for audit follow-up and resolution.Please provide us your proposed management decision for each recommendation on the attachedforms 1824, Recommended Action Sheet, within 80 days.This report may contain proprietary information subject to the provisions of18 USC 1905. Therefore, you should not release this report to the public or another agencywithout ...