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Procurement purchasing card perils: Will you be the next headline?

American City & Country

P-card abuse or misuse is an emerging and troubling trend and organizations need to improve their internal control systems to mitigate risk. While the benefits of a p-card program are significant, so are the risks of fraud and misuse, necessitating a robust internal control system.

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Mastering Accounting for Unallowable Costs: A Guide to CAS 405 Compliance

Public Contracting Institute

This standard ensures that taxpayers’ money is spent responsibly and that contractors maintain ethical financial practices. The Role of Internal Controls in CAS 405 Compliance Strong internal controls are crucial for ensuring compliance with CAS 405.

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Voluntary Self-Disclosure of FCPA Violations Following Acquisition Avoids Corruption Charges

Government Contracts & Investigations

After the deal closed and Lifecore was integrating Yucatan’s operations, Lifecore learned employees and agents of Yucatan “engaged in a scheme to pay approximately $14,000 in bribes to a government official through a third-party intermediary to secure a wastewater discharge permit.” [5] g)(1)) (accessible here ). [3] 8] See id.