| Corrective Action |
Event or Cause |
| Suspension or removal of Cardholder privileges. |
- Using the card to purchase restricted products or services.
- Failure to properly review transactions.
- Failure to properly retain invoices, etc.
- Failure to properly document transaction business purpose.
- Failure to properly prepare and retain transaction logs unless a waiver has been obtained.
- Failure to properly prepare, review and file monthly statements.
|
| Suspension or removal of Card Manager privileges. |
- Failure to properly review and sign off on Cardholder transaction logs or bank statements if a waiver has been granted.
- Failure to properly review and sign off on Cardholder monthly statements.
- Failure to properly report transaction with employee tax reporting liability.
- Failure to properly approve transactions any three months in a six month period.
- Failure to properly retrain transaction documentation (invoice copies, documentation, logs & Statements) of terminated employees.
|
| Removal of Cardholder or Card Manager privileges. |
- Failure to successfully pass a re-audit resulting from a previous unsatisfactory audit.
|
| Suspension or removal of Cardholder privileges. Referral for possible Performance Improvement Counseling up to and including discharge and/or possible criminal prosecution. |
- Using the card for personal use.
- Fraudulent use of card.
- Receiving cash or check issued to Cardholder to resolve a credit or return.
|