
ABP #4 - Controls for Procurement Cards
Accounting Best Practices with Steve Bragg
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How to Have an Effective Procurement Card Program
You don't need to install all of them, because keep in mind that you want an efficient procurement card program as well as a sufficient level of control. The first one is to have a procurement card orientation meeting, after which you hand out cards to those who are designated as recipients. By having this meeting, you can run them through all of the various policies involving those cards. Another control is that the program manager is the only one allowed to approve changes in spending limits.
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