Procurement Card Programs Guide: Internal Control

The purpose of a procurement card program is to offer an alternative for the purchase and payment of low-dollar, non-inventory and non-capital items. This guide covers the most effective components of a procurement card program’s internal control structure.

By implementing an effective internal control structure, the program can serve its intended use without creating unmitigated risks, increasing operating efficiency and cost savings for the company. The most effective components of the program’s internal control structure include training, cardholder agreement, spending limits, restrictions, allowable and restricted purchases, transaction restrictions, etc.