What is the role of audits in the GPC program?

What is the role of audits in the GPC program?

• A. To approve all transactions for funding
• B. To assist in the training of new cardholders
• C. To ensure compliance, verify transactions, and maintain accountability
• D. To evaluate the performance of procurement officers

Answer: (C)

The role of audits in the GPC program is primarily focused on ensuring compliance, verifying transactions, and maintaining accountability. Audits serve as a critical mechanism for oversight in the GPC program, allowing for the examination of cardholder transactions and ensuring that all purchases made with the government purchase card adhere to established regulations and policies. This process helps to identify any discrepancies or improper uses of the card, thereby safeguarding government funds and promoting responsible fiscal management. Additionally, audits contribute to maintaining the integrity of the program by assessing whether purchases align with the intended purpose, as well as confirming that the cardholders are following proper procedures. The findings from these audits can lead to improvements and enhancements in the training and monitoring of cardholders, reinforcing a culture of accountability within the program.

The role of audits in the GPC program is primarily focused on ensuring compliance, verifying transactions, and maintaining accountability. Audits serve as a critical mechanism for oversight in the GPC program, allowing for the examination of cardholder transactions and ensuring that all purchases made with the government purchase card adhere to established regulations and policies. This process helps to identify any discrepancies or improper uses of the card, thereby safeguarding government funds and promoting responsible fiscal management.

Additionally, audits contribute to maintaining the integrity of the program by assessing whether purchases align with the intended purpose, as well as confirming that the cardholders are following proper procedures. The findings from these audits can lead to improvements and enhancements in the training and monitoring of cardholders, reinforcing a culture of accountability within the program.