CDFI Fund Contract Administration and Personnel Management Practices Need Improvement. Audit Report

摘要

We performed an audit of the procurement process that the Community Development Financial Institutions Fund (Fund) used for its information technology (IT) development and support contracts, currently valued at approximately $19 million. The objective of this audit, conducted at the request of the Fund Director, was to determine whether the Funds contract administration practices for its IT development and support contracts with General Dynamics and Kearney & Company complied with the Federal Acquisition Regulation (FAR) and the Department of the Treasury Acquisition Regulation (DTAR). During our audit, we also became aware of a possible deficiency related to the Funds personnel management practices and expanded our review to cover that matter. Our objective, scope, and methodology are described in more detail in this dcoument.