Answer: The Society does not have proper support or procedures to promote fair competition and check vendor status.
Trend: There is a pattern of inadequate procurement practices and weak internal controls.
List: Recommend establishing clear procedures for vendor checks and improving procurement processes.
Finding Text
The Society lacked support and procedures to ensure open and free competition or to determine if vendors were suspended or debarred. Further, the Society has inadequate procurement procedures and internal controls.
Corrective Action Plan
The ASEE accounting department has established policies and procedures to ensure ASEE is fully incompliance with the federal awards. Policies and procedures were established to ensure the organization does a risk assessment and vendor bidding process for all awards over $ 10,000 in value for vendors.