More on Setting Up Internal Controls Over Company-Issued Purchase Cards | PNWC’s Government Contracting Update

Internal controls over company-issued purchase cards should be of paramount concern to Government contractors. Regular readers of this blog will recall several reports where the cost of improper purchases using company-issued purchase cards were passed along to the Government and fraud charges resulted. Its serious enough when employees defraud their employer but when those charges pass through to a Government contract, things get much more serious. A contractor cannot just let those involved slip quietly off into the night. There will be consequences for both the individual(s) and the contractor.

Source: PNWC’s Government Contracting Update: More on Setting Up Internal Controls Over Company-Issued Purchase Cards