Why We Did This Audit
The Government Charge Card Abuse Prevention Act of 2012 (Charge Card Act) requires USAID OIG to conduct periodic reviews of the Millennium Challenge Corporation’s (MCC) charge card programs. This year, we contracted with the independent certified public accounting firm of RMA Associates LLC (RMA) to conduct the risk assessment. RMA’s objective was to assess the risks of illegal, improper, and erroneous purchases and payments in MCC’s charge card programs for fiscal year 2025.
What We Found
To answer the objective, RMA analyzed and tested MCC’s internal controls over its charge card programs for the fiscal year ended September 30, 2025. Charge card disbursements during this period totaled $1,613,859. RMA concluded that MCC’s charge card programs had a low risk of illegal, improper, or erroneous purchases and payments and thus did not warrant an audit.
Why It Matters
Congress enacted the Charge Card Act to prevent fraud, delinquency, or misuse that may exist in a Federal agency’s charge card program. The act requires USAID OIG to conduct periodic reviews of MCC’s charge card transactions and use those risk assessments to determine the scope, number, and frequency of audits of the Agency’s charge card program.