[Code of Federal Regulations]

[Title 48, Volume 5]

[Revised as of October 1, 2006]

From the U.S. Government Printing Office via GPO Access

[CITE: 48CFR803.7000]



[Page 154-155]

 

            TITLE 48--FEDERAL ACQUISITION REGULATIONS SYSTEM

 

                CHAPTER 8--DEPARTMENT OF VETERANS AFFAIRS

 

PART 803_IMPROPER BUSINESS PRACTICES AND PERSONAL CONFLICTS OF 

INTEREST--Table of Contents

 

  Subpart 803.70_Contractor Responsibililty To Avoid Improper Business 

                                Practices

 

Sec. 803.7000  Policy.



    Source: 57 FR 58718, Dec. 11, 1992, unless otherwise noted.





    It is Department of Veterans Affairs' (VA) policy to contract with 

companies that conduct business with the highest degree of integrity and 

honesty. To demonstrate this commitment to integrity and honesty, 

contractors should have standards of conduct and internal control 

systems that are designed to promote such standards, to facilitate the 

timely discovery and disclosure of improper conduct in connection with 

Government contracts, and to assure that corrective measures are 

promptly instituted and carried out. For example, a contractor's system 

of management controls should provide for--

    (a) A written code of business ethics and standards of conduct and 

an ethics training program for all employees;



[[Page 155]]



    (b) A mechanism, such as a hotline, by which employees may report 

suspected instances of improper conduct, and instructions that encourage 

employees to make such reports;

    (c) Disciplinary action for improper conduct;

    (d) Periodic reviews of company business practices, procedures, 

policies, and internal controls for compliance with standards of conduct 

and the special requirements of Government contracting;

    (e) Internal and/or external audits as appropriate;

    (f) Timely reporting to appropriate Government officials of any 

suspected or possible violations of law in connection with Government 

contracts or any other irregularities in connection with such contracts; 

and

    (g) Full cooperation with any Government agencies responsible for 

either investigation or corrective actions.



[57 FR 58718, Dec. 11, 1992, as amended at 63 FR 69218, Dec. 16, 1998]