CFPB Report: 2018-FMIC-C-022 December 12, 2018
The Bureau's purchase card program supports its procurement needs and reduces the administrative cost of purchasing small-dollar items. From April 1, 2017, through June 30, 2018, cardholders made about 4,200 transactions totaling $2.7 million. We audited the agency's program controls.
The Bureau's purchase card program controls appear to be operating effectively to ensure that purchase card use is appropriate and in compliance with applicable laws, regulations, and the Bureau's policies and procedures. In addition, the controls appear to be operating effectively to prevent and detect potentially improper or fraudulent use of purchase cards.
