Office of Internal Audits

Purchasing Card Audits

Purchasing Card audits are performed randomly, with higher volume cardholders more likely to be selected due to both transaction and dollar volume. As part of the audit, we review the source documents (original receipts) for selected transactions, the related logs, and reports from the on-line Paymentnet. Our primary objective is to render an assessment of compliance with University guidelines as dictated in the Purchasing Card Policies and Procedures. We also review the control system in place for card use, approvals, and adequacy of the source documentation for the selected transactions.