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Report Fraud, Waste, or Abuse
Overall, we found that controls over the Board's purchase card program can be strengthened. Controls for issuing cards, training new cardholders, and reconciliation of purchases and assignment of accounting codes by cardholders were working as intended. However, we found that controls implemented to ensure that cardholders properly use purchase cards and comply with Board policies and procedures were not working as described in the Board's Purchase Card Procedures. We also found that controls designed to prevent and detect unauthorized purchases can be strengthened. Specifically, we found the following:
Our testing did not identify any fraudulent purchases. However, we found that more than 60 percent of the purchases in our sample lacked evidence of approval due to the absence of postcertification reviews. Our report contains three recommendations designed to help strengthen controls for ensuring compliance with purchase card procedures and for detecting potentially unauthorized transactions.