Objective: To evaluate the effectiveness of the processes and procedures over purchase card programs.
Introduction: This guide is a general framework work for auditing Government Purchase Card programs. It provides audit steps designed to determine the effectiveness of a purchase card program’s processes and procedures.
Background: Purchase cards provide federal agencies a flexible and efficient way of: (1) obtaining commercial goods and services through over-the-counter purchases, phone orders, mail/catalog orders, and Internet purchases; and (2) making vendor payments. When well controlled, purchase cards facilitate improved mission support and reduce transaction-processing costs.Liability for transactions made by authorized purchase cardholders rests with the Government. If the card is used by an authorized purchase cardholder to make an unauthorized purchase, the Government is liable for payment and the agency is responsible for taking appropriate action against the cardholder.
Download this template to create a purchase card audit for your organization.