Audit Guide Topic 8 - Small Business Considerations

CONTRACT AUDIT GUIDE FRAMEWORK TOPIC 8 SMALL BUSINESS CONSIDERATIONS Objective To determine an agency’s compliance with small business procurement rules when awarding and administering small business contracts or programs. Subobjectives 1. Evaluate whether contracts reported as being awarded to small businesses were actually awarded to small businesses. 2. Evaluate whether the procuring agency is monitoring (has monitored) the contractor’s compliance with small business regulations. 1 SMALL BUSINESS CONSIDERATIONS INTRODUCTION This guide provides detailed audit steps for determining an agency’s compliance with small business procurement rules when awarding and administering small business contracts or programs. The guide expands upon the researchable questions associated with Small Business Considerations (Topic 8) identified in the Contract Audit Guide Framework that was released in 2009 by the Contracting Committee of the Federal Audit Executive Council. The framework provides a construct of issues and researchable questions to consider when planning audits or reviews of contracts. It is the Contracting Committee’s intention to issue detailed audit guides for each issue identified in the framework. Audit teams are encouraged to modify the Small Business Considerations Audit Guide as appropriate, and to use the guide, in conjunction with other appropriate tools, to assess compliance with the small business contracting rules. For your ...