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FDIC Oversight of a Telecommunications Contract

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FDIC Oversight of a Telecommunications Contract

Unimplemented Recommendations

Develop and implement FDIC CIOO processes to monitor and oversee internal controls for procurement activities, including ensuring the internal control environment is clearly understood, adhered to, and achieving its intended objectives and reporting out the results.

Develop a strategy to periodically assess workload imbalances and implement a strategy to address such imbalances among Oversight Managers in the FDIC CIOO.

Develop and implement processes to identify and perform a secondary review of variations in invoice amounts and burn rates, and depletions in contract funds, in accordance with FDIC acquisition policies and procedures.