Finding Text
Procurement Policies (Repeat of 2022-003) Criteria: Section 2 of the Code of Federal Regulations (CFR), Part 200, Subpart D, includes the procurement standards which require written standards of conduct for an entity governing the actions of its employees engaged in the selection, award, and administration of contracts. Condition: The Corporation does not have written procurement policies governing the selection, award, and administration of contracts. Cause: The Corporation does not have sufficient internal controls to ensure they are in compliance with the requirements of federal programs. Effect: The Corporation is not in compliance with 2 CFR 200, Subpart D which could lead to inappropriate selection, award, or administration of contracts and federal program noncompliance. Response: See Corrective Action Plan.