GSA IG AUDIT PLAN SHOWS OVERSIGHT FOCUS AREAS
Contractors should take note of the GSA Inspector General’s FY’25 audit plan. It shows exactly where companies can expect the IG to look and the pressure CO’s will likely place on industry as a result of the IG putting pressure on them. The IG announcement states, “(t)his plan anticipates a resource mix using 60 percent of available direct staff for performance audits and 40 percent for contract audits.” Several areas of the Multiple Award Schedule program will be audited. This includes Trade Agreements Act (TAA) compliance, the use of data in Economic Price Adjustment (EPA) determinations, and mentor-protégé/JV audits. The IG consistently places TAA compliance at or near the top of its overall Schedules compliance list. In addition, secure supply chain rules increasingly focus on ensuring that all items purchased by the government are properly sourced. Contractors should be aware of their responsibilities here. The GSA IG is even conducting an “audit of the (small a) auditors”. The IG will review the actions of those who conduct Contractors Assessment Visits to ensure that they are collecting the right type of information and properly analyze what is gathered. The audit will also evaluate whether these assessments are accurate, performed consistently, and used by the contracting officers to effectively administer Multiple Award Schedule contracts. Other contract programs will also be audited. Specifically, the IG will review whether FAS’s price analysis under GSA governmentwide acquisition contracts complies with the Federal Acquisition Regulation requirement to obtain fair and reasonable pricing. Audits of individual contracts will be conducted, as requested by CO’s or other appropriate parties. The audit plan provides valuable insights so that contractors and their contracting official partners can be prepared. Don’t say you didn’t see it coming.