TITLE

Audit Guide: Auditing and Investigating the Internal Control of Government Purchase Card Programs: GAO-03-678G

PUB. DATE
May 2003
SOURCE
GAO Reports;5/1/2003, p1
SOURCE TYPE
Government Documents
DOC. TYPE
Article
ABSTRACT
The federal government of the United States--the largest and most complex organization in the world--expended approximately $15 billion through federal organizations' purchase card programs in fiscal year 2002. As the steward of taxpayer dollars, federal agencies are accountable for how purchase cards are used and how the funds are spent. To that end, federal agencies are responsible for establishing and maintaining internal control to provide reasonable assurance that (1) the goals and objectives of the purchase card program are met and (2) safeguards against fraudulent, improper, and abusive purchases are adequate. Recent congressional testimony and Inspector General and GAO reports show that some federal agencies do not have adequate internal control over their purchase card programs. Without effective internal control, management has little assurance that fraudulent, improper, and abusive purchases are being prevented or, if occurring, are being promptly detected with appropriate corrective actions taken. A key element of internal control is monitoring that assesses the quality of performance over time and ensures that the findings of audits and other reviews are promptly resolved. Monitoring provides for regular management and supervisory activities, as well as evaluations by inspector generals or external auditors. This guide focuses on audits of internal control activities--designed primarily to prevent or detect significant fraudulent, improper, and abusive purchases--in a government purchase card program. It is intended to provide practical guidance for consideration by internal and external auditors, investigators, and program management oversight personnel in assessing the adequacy and performance of those control activities, and identifying areas of internal control for potential improvement. This guide is based primarily on GAO's experiences in auditing and investigating internal control over federal government purchase card programs at the Departments of Defense, Education, Housing and Urban Development, and other federal agencies.
ACCESSION #
18214721

 

Related Articles

  • Advertising by Taxation.  // Saturday Evening Post;11/5/1932, Vol. 205 Issue 19, p22 

    Discusses the role of taxation in advertising the shortcomings of the U.S. government. Problems with the taxes imposed by the government; Comparison between government and business management; Importance of monitoring the expenses of the government.

  • Do The Times Demand Fundamental Changes In Federal Tax Policies? PRO. Gwinn, Ralph W. // Congressional Digest;Oct51, Vol. 30 Issue 10, p240 

    This article presents views of the author in favor of the need of fundamental changes in U.S. tax policies. According to the author, people need to re-enact constitutional limitations redefining the kind of government they want. Twenty-five of the state legislatures have approved amendment...

  • Do The Times Demand Fundamental Changes In Federal Tax Policies? PRO. Kean, Robert W. // Congressional Digest;Oct51, Vol. 30 Issue 10, p242 

    This article presents views of the author in favor of the need of fundamental changes in the U.S. tax policies. The American system of taxation is a voluntary one. Outside of those subject to the withholding tax, every American voluntarily makes a return of what he owes his government. Many of...

  • Phantom Surplus. Gibbs, Nancy; Carney, James // Time;9/20/1999, Vol. 154 Issue 12, p34 

    Examines the battle that is taking place in the United States Congress over the budget. How the 1997 Balanced Budget Act is creating problems in 1999; How politicians in both parties are trying to woo taxpayers with proposals the government cannot pay for; Promises by both sides not to touch...

  • We Can't Cut Taxes Just From Optimism.  // Saturday Evening Post;4/11/1953, Vol. 225 Issue 41, p10 

    Comments on the proposed tax cuts in the U.S. Arguments raised in support of the tax cuts; Reasons behind the need to ensure the financial stability of the U.S. government before reducing taxes; Aspects of federal financing that should be considered before implementing tax reductions.

  • MILLIONS OR BILLIONS.  // America;1/17/1920, Vol. 22 Issue 13, p286 

    The author reflects on the impact of a federal plan of cooperating with states in the U.S. to start with the expenditure of $300 million. He argues that in any state in which cooperation is inflicted, the local tax-rate for the schools will likely increased. He asserts that the expenditure of...

  • Where the Action Is. Hood, John // National Review;11/8/1999, Vol. 51 Issue 21, p32 

    The article discusses the belief that state and local governments are more important than the national government in taking action about issues in the U.S. Not much of substance will happen in Washington, and conservatives need to adopt a gradual approach to taxes and spending. State and local...

  • $7.5B earmarks unclaimed. Raju, Manu // Hill;7/17/2007, Vol. 14 Issue 86, p1 

    The article reports on the denial of senators on having responsibility for the $7.5 billion worth of projects approved by the Appropriations Committee in the U.S. According to numbers compiled by Taxpayers for Common Sense, of the 10 spending bills approved by the panel, $26 billion has been...

  • Our Biggest Ratholes Were Created by Law. Warren, Lindsay // Saturday Evening Post;6/12/1954, Vol. 226 Issue 50, p10 

    The author reflects on the administration of the U.S. Federal Government of the money coming from taxpayers. It is inferred that Congress has allowed executives to establish government corporations and agencies with the use of the people's money. Aside from this, the author presents the...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics