Submitting OIG:
Report Description:
We audited the Tennessee Valley Authority's (TVA) corporate card transactions from October 1, 2013, through June 30, 2016, totaling $45.2 million to determine the effectiveness of the processes TVA has in place for tax-exempt credit card transactions. We found the processes TVA has in place for tax-exempt corporate card transactions are not effective. Specifically, we identified (1) an estimated $2.48 million of taxes TVA paid on tax-exempt transactions; (2) tax information provided by TVA's credit card supplier, Comdata Network, Inc., was inaccurate; and (3) transactions were approved in TVA's Expense Reimbursement System without adequate support.
Short / Alternative Report Title:
Tax Payments Made on TVA Credit Cards
Date Issued:
Thursday, March 30, 2017
Agency Reviewed / Investigated:
Submitting OIG-Specific Report Number:
2016-15424
Location(s):
Agency-Wide
Type of Report:
Audit
Questioned Costs:
$2,484,620
Funds for Better Use:
$0
Number of Recommendations:
3
View Document:
Attachment | Size |
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2016-15424.pdf | 946.93 KB |