Issued Date
November 22, 2019
Audit Objective
Determine whether School officials ensured credit card purchases were adequately supported and for appropriate purposes.
Key Findings
- Credit card users did not always follow the School’s internal control policies.
- Forty percent of credit card purchases were not adequately supported. As a result, we could not determine whether 10 credit card transactions totaling $265 were for appropriate purposes.
Key Recommendations
- Ensure that all credit card users follow the School’s internal control policies, including the preapproval of all purchases by using a purchase request form.
- Ensure that all credit card claims are adequately supported before payment.