This memorandum report highlights audit trends in the procurement and contracting area, and provides a status of the audit recommendations addressed to the Procurement Department. Since 2000, the Government Accountability Office, PBGC's Contracts Controls and Review Department, and the Office of Inspector General (OIG) have issued 71 reports containing 100 recommendations to improve PBGC's procurement activities and contractor oversight. This trend report identifies major problem areas and causes of these problems to assist PBGC's new Procurement Director.
We report that 45 of the 100 recommendations are closed based on our review of PBGC's corrective actions. The OIG is currently reviewing an additional 15 corrective actions. Implementing the remaining 40 recommendations will help PBGC address major management challenges and lead to improvements in procurement and contracting operations.
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