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What special controls on procurment cards are necessary to makethe procedure work?What special controls...

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Accounting

What special controls on procurment cards are necessary to makethe procedure work?

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Special controls on procurement cards that are necessary to make the procedure work There are two types of special control on procurement cards that can make the procedure work they are 1 Preventive conrols Background checks All cardholders should undergo a background check Giving an employee a pcard is tantamount to providing the cardholder access to one of the organizations most liquid assets cash Dollar limits An individuals pcard should have a reasonable monetary limit based on both daily and monthly use Some organizations set limits at a standard level for all cardholders or for employees with similar jobs By tailoring the limits to each cardholder the total dollars at    See Answer
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In: AccountingWhat special controls on procurment cards are necessary to makethe procedure work?What special controls on procurment cards are necessary to makethe procedure work?

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