Assessment of the Inter-American Foundation Charge Card Program Showed Low Risk for Fiscal Year 2023

Why We Did This Assessment

•  OIG performs an annual risk assessment of IAF’s charge card programs pursuant to Public Law 112-194, the Government Charge Card Abuse Prevention Act of 2012 (Charge Card Act).
• We conducted this 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 FY2023 charge card program and determine the necessity of an audit.

What We Found

• 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. 

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.