Audit of CFTC's Compliance with the Government Charge Card Abuse Prevention Act

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Date Issued

Thursday, April 17, 2025

Submitting OIG

Commodity Futures Trading Commission OIG

Agencies Reviewed/Investigated

Commodity Futures Trading Commission

Report Number

24-AU-07

Report Description

We contracted with the Joachim Group CPAs & Consultants (Joachim Group) to examine the management of government issued purchase and travel cards. The Joachim Group conducted the audit in accordance with Generally Accepted Government Auditing Standards (GAGAS) and is responsible for the attached audit report and the conclusions expressed therein. The OIG monitored the auditor’s progress throughout the compliance audit and reviewed the respective audit report and related documentation.

Report Type

Audit

Agency Wide

Yes

Number of Recommendations

Questioned Costs

Funds for Better Use

Report updated under NDAA 5274

Open Recommendations

This report has 5 open recommendations.

Recommendation Number	Significant Recommendation	Recommended Questioned Costs	Recommended Funds for Better Use
1	No	$0	$0
We recommend that CFTC implement a training framework that ensures all travel cardholders complete mandatory training requirements prior to card issuance and that purchase card AOs complete mandatory training requirements prior to performing AO task approvals.
2	No	$0	$0
We recommend that CFTC include pre-approval checks for fund availability in its training; enhance controls to alert AOs of disbursements requiring approval before the 30-day timeframe expires and ensure that disbursements are not approved without adequate supporting documents.
3	No	$0	$0
We recommend that CFTC enforce the use of centrally billed accounts for travel cards used for international travel.
4	No	$0	$0
We recommend that CFTC develop and implement a comprehensive policy that mandates the immediate deactivation of all purchase and travel cards upon notification by HR of an employee’s separation or transfer. Additionally, instituting a regular monitoring system to track and validate the deactivation status of charge cards for all separated employees is recommended. Monthly reviews of charge card activity reports should also be conducted to identify any lapses in the deactivation process to prevent unauthorized use.
5	No	$0	$0
We recommended that CFTC review, revise, and update all travel policies to align with the current requirements of the Federal Travel Regulations, OMB directives, and the Government Charge Card Abuse Prevention Act.