What responsibility is reserved for supervisors in the GPC process?

What responsibility is reserved for supervisors in the GPC process?

• A. Approving transactions made by Cardholders
• B. Making regular reviews of existing Cardholders and their monthly spending limits
• C. Issuing new cards to Cardholders
• D. Training new Cardholders

Answer: (B)

The responsibility of making regular reviews of existing Cardholders and their monthly spending limits is critical in the GPC process because it ensures that spending aligns with the organization's budgetary constraints and regulatory requirements. Supervisors play an essential role in overseeing the use of government purchase cards within their teams, which involves monitoring and assessing the performance of Cardholders. This responsibility helps to identify any potential misuse or over-expenditure and allows for adjustments to be made based on the organization's needs. Regular reviews contribute to better financial management and compliance with Federal Acquisition Regulation (FAR) guidelines, as they help ensure that Cardholders are not exceeding their limits and that their purchases are appropriate for the mission of the organization. By actively engaging in this oversight, supervisors help to foster accountability and sound stewardship of government resources.

The responsibility of making regular reviews of existing Cardholders and their monthly spending limits is critical in the GPC process because it ensures that spending aligns with the organization's budgetary constraints and regulatory requirements. Supervisors play an essential role in overseeing the use of government purchase cards within their teams, which involves monitoring and assessing the performance of Cardholders. This responsibility helps to identify any potential misuse or over-expenditure and allows for adjustments to be made based on the organization's needs.

Regular reviews contribute to better financial management and compliance with Federal Acquisition Regulation (FAR) guidelines, as they help ensure that Cardholders are not exceeding their limits and that their purchases are appropriate for the mission of the organization. By actively engaging in this oversight, supervisors help to foster accountability and sound stewardship of government resources.