The Office of Inspector General (OIG) assessed the risks of illegal, improper, and erroneous purchases and payments in IAF’s fiscal years 2021 and 2020 charge card programs as required by the Government Charge Card Abuse Prevention Act of 2012, Public Law 112-194 and Office of Management and Budget Appendix B, Circular No. A-123, “A Risk Management Framework for Government Charge Card Programs”, August 27, 2019 (OMB Appendix B). OIG concluded that IAF’s charge card programs posed a low risk of illegal, improper, or erroneous purchases and payments in fiscal years 2021 and 2020 and did not exceed $10 million in spending; therefore, an audit of the program is not necessary. To improve IAF’s compliance with OMB Appendix B, OIG made two recommendations, which OIG considers resolved but open pending completion of planned activities.
OIG Risk Assessment of the Inter-American Foundation Charge Card Program for Fiscal Years 2021 and 2020
Develop a risk profile in coordination with the annual strategic review and revise the Charge Card Management Plan to include the OMB's requirement regarding the development of a risk profile for the charge card program.
Revise the Charge Card Management Plan to include OMB's requirement regarding a metrics and benchmarking program for its government charge card program.