Does your card program have the same control weaknesses that have helped cardholders commit fraud at other organizations?
Read moreDoes Your Receipt Policy Need Updating?
Receipts and similar supporting documentation for card transactions are an important control. Take a look at your current requirements. The risk of internal card fraud increases if the receipt policy is too vague, if missing receipts are excused, and if no one is monitoring policy violations. This post shares ways to make your policy stronger.
Read more10 Ways to Prevent Late P-Card Reconciliation
A common recurring P-Card problem is late reconciliation and/or approval of transactions by cardholders and managers. See strategies to help them, as well as possible consequences for non-compliance.
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