OIG Risk Assessment of the OPIC Charge Card Program for Fiscal Years 2017 and 2018

Audit Report
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Under the Government Charge Card Abuse Prevention Act of 2012 (the Charge Card Act), Public Law 112-194, we are required to conduct periodic risk assessments of OPIC’s charge card programs. We found that OPIC could not provide required documentation related to cardholders, active cards, and total travel and purchase expenses. However, our Office of Investigations did not identify any instances of misuse of government charge cards or illegal purchases made on the part of OPIC. Although the lack of required documentation is a risk, we have determined not to expend resources on initiating an audit on OPIC’s charge card program at this time. OPIC will transition to the U.S. International Development Finance Corporation, and we are providing our findings to the new entity’s management.