Which of the governmentwide commercial purchase card program’s mandatory oversight procedures involves validating that all data mining cases are closed

Which of the governmentwide commercial purchase card program’s mandatory oversight procedures involves validating that all data mining cases are closed and assessing the key purhcasing and management internal controls

Answer: The mandatory oversight procedure mentioned in the question is “Assessing Internal Controls and Data Mining Closure.”

Validating that all data mining cases are closed means that the agency responsible for overseeing the commercial purchase card program must ensure that any suspicious transactions identified through data analysis have been thoroughly investigated and resolved. This helps to prevent fraud and misuse of the purchase card.

Assessing key purchasing and management internal controls involves reviewing the procedures in place that govern how purchase cards are used and managed within the agency. This could include reviewing policies related to card issuance, approval processes, spending limits, and monitoring and reporting requirements. The goal of this assessment is to identify any weaknesses or areas for improvement in these internal controls, which can help to prevent fraud, waste, and abuse.

Overall, the purpose of this oversight procedure is to ensure that the purchase card program is being managed effectively and efficiently, and that the agency is taking appropriate steps to prevent and detect any fraudulent activity.

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