Finding Text
Condition: The Organization has a procurement policy; however, the policy does not include all the elements required by the Uniform Guidance (UG). The policy should detail, among other items, thresholds and procedures for each of the five procurement methods, and how conflicts of interest are identified and addressed. Criteria: 2 CFR section 200.318 through 200.326 outlines the procurement standards and the elements that should be included in the Organization?s policy. Cause: Due to time restraints, the Organization has not yet updated its current policy. Effect: The effect is unknown. Recommendation: We recommend the Organization update its procurement policy with all the elements required by the UG.