Report 16-09: FY 2015 Risk Assessment of SBA Charge Card Programs

This memorandum report presents results of our risk assessment regarding the Small Business Administration’s (SBA) internal controls over its purchase and travel charge card programs for fiscal year 2015.  This risk assessment was performed in accordance with OMB Memorandum M-13-21, Implementation of the Government Charge Card Abuse Prevention Act of 2012.  Our objectives were to (1) assess risks of illegal, improper, or erroneous purchases and payments associated with SBA’s purchase and travel card programs, and (2) determine the status of prior year recommendations.

We found that SBA has implemented internal controls and guidance to administer its purchase and travel charge card programs.  However, SBA could make additional improvements on its risk management controls and practices for the purchase card program in areas such as records management and continuous monitoring.  We made four recommendations to strengthen SBA’s risk management controls for its purchase cards program.  The Agency agreed to implement the recommendations.