The Secret Service has adequate oversight and management of its acquisitions, but it needs specific internal policies for acquisitions valued at less than $300 million – an issue that the agency is addressing, the Homeland Security Department’s inspector general said recently.

The IG’s revised audit dated Feb. 10 said the Secret Service should have its own policies and procedures and a designated “component acquisition executive,” or CAE, to strengthen its program. The agency should also integrate best practices into its daily operations, the report added.

“Taken together, these actions will decrease the risk of waste, fraud, and abuse and improve the Secret Service’s ability to acquire goods and services in a timely manner and at a reasonable cost,” the audit said.

Keep reading this article at: http://www.fiercehomelandsecurity.com/story/secret-service-taking-steps-strengthen-certain-acquisition-policies-oversig/2015-02-17