Controls Over Corporate Credit Cards

Report 7: 9 May, 2018

Background

Corporate credit cards are an important part of modern purchasing systems, offering significant benefits such as reduced costs and streamlined business processes. They are used for local government purchases including … Read more →

Conclusion

Local governments in our sample generally had satisfactory controls in place to manage the use of credit cards. We noted shortcomings however, of varying significance, in the policies and practices … Read more →

Recommendations

1.    Local governments should: a.      ensure policies specify requirements for all key credit card processes b.      keep adequate records of all card transactions, including information that describes the nature/purpose of … Read more →

What did we find?

Overall policies and administrative systems for managing corporate credit cards were appropriate Good policies and procedures provide essential guidance for staff to manage credit cards in accordance with management’s expectations. … Read more →

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