TVA's Purchasing Card Usage

February 28, 2006

2005-524I

Audit

We determined Procurement has made Purchasing Card Program changes to address control weaknesses identified in our previous report on the program; however, travel and travel-related expenses are still being charged to the purchasing cards. We also noted (1) weaknesses in supervisory review and approval of purchasing card statements, (2) disallowed and questionable purchasing card transactions, (3) purchasing cards issued without required documentation, and (4) TVA policies and on-line training modules that do not clearly and consistently define acceptable purchasing card use for hospitality expenses. Procurement has stated that subsequent to our review period, actions were taken to address weaknesses in supervisory review and approval of purchasing card statements. Procurement agreed with all but three recommendations and we concur with TVA management's planned actions. However, we noted increased risk associated with not addressing the three recommendations.

Yes

Yes (agency-wide)

$0

$0