Why We Did This Assessment
- OIG performs an annual risk assessment of IAF’s charge card programs pursuant to the Government Charge Card Abuse Prevention Act of 2012 (Public Law 112-194, Charge Card Act).
- We conducted the assessment in accordance with the Charge Card Act, OMB Circular No. A-123, Appendix B, and internally established OIG policies that govern the planning, conducting, and reporting of this work product.
- Our objective was to assess the risks of illegal, improper, or erroneous purchases and payments in IAF’s FY2022 charge card program and determine the necessity of an audit.
- We determined that the charge card program poses a low risk to IAF and the agency did not exceed $10 million in charge card spending; therefore, an audit of the program is not necessary.
- We found that IAF has adequate monitoring and reconciliation procedures to reduce the risk of illegal, improper, and erroneous purchases in the charge card program.
- We also found that IAF has policies and procedures in place that address the applicable charge card internal control requirements identified in the Charge Card Act; however, we found one instance of noncompliance with OMB Circular No. A-123, Appendix B, related to the lack of a metrics and benchmarking program. This issue does not change or impact the risk level, and IAF has contacted OMB’s Office of Federal Financial Management to address this finding.
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.