Assessment of MCC’s Charge Card Programs Showed Low Risk of Improper Purchases and Payments in FY 2022 (0-MCC-23-007-C)
Why We Did This
- OIG performs an annual risk assessment of MCC’s charge card programs pursuant to the Government Charge Card Abuse Prevention Act of 2012 (Public Law 112-194, Charge Card Act).
- We contracted with the independent certified public accounting firm of RMA Associates LLC (RMA) to conduct the assessment in accordance with the Charge Card Act, OMB Circular No. A-123 “Appendix B”, and the Council of the Inspectors General on Integrity and Efficiency Quality Standards for Inspection and Evaluation.
- The objective was to assess the risks of illegal, improper, or erroneous purchases and payments in MCC’s FY2022 charge card programs and determine the necessity of an audit.
- RMA concluded that the overall risk of MCC’s charge card programs is low, and that an audit is not warranted.
- In carrying out our oversight responsibilities, we found no instances in which RMA did not comply, in all material respects, with applicable standards.
Why It Matters
- The Charge Card Act was enacted to prevent fraud, delinquency, or misuse that may exist in a federal agency’s charge card program.
- Our report does not include recommendations.