Finding Text
2024-001 (Significant Deficiency over Compliance): Insufficient Design of Procurement Policy
Criteria: Under CFR 200.320, three types of procurement methods are outlined based on the dollar
amount and nature of transactions.
Condition: The Organization’s existing procurement policy outlines the three methods described
under CFR 200.320. However, the policy does not incorporate sufficient monitoring procedures to
ensure compliance with the procurement policy.
Questioned Costs: There were no questioned costs associated with this finding.
Effect: This error potentially resulted in the payment of higher prices for goods and services,
violating federal procurement regulations.
Recommendation: The Organization should strengthen its policies, training, and monitoring related
to procurement to ensure compliance with CFR 200.320.