Answer: Internal controls must be documented to show that transactions are allowable under grant rules.
Trend: There is a growing emphasis on compliance with procurement policies as outlined in Uniform Guidance.
List: Ensure documentation includes approval of transactions, adherence to the grant's performance period, and compliance with procurement policies.
Finding Text
Internal controls, for example approval of transactions charged to the grant, should be documented to prove the transaction is allowable, within the period of performance required by the grant and is within procurement policies established by Uniform Guidance.
Categories
Procurement, Suspension & DebarmentPeriod of PerformanceInternal Control / Segregation of Duties