11. AUDITS AND CONTROLS

11.1 Within UVM

To ensure the continued success of the Purchasing Card Program, it must be adhere to UVM’s internal and external audit requirements.  Periodic reviews of a cardholder’s files will be conducted by Internal Auditors, the Program Administrator, or personnel from Procurement Services.  Review of transactions will occur when the reconciliation envelopes are received in Procurement Services.

11.2 Within Mellon Bank

The Purchasing Card is a special type of credit card. UVM has the ability to control its use in the following ways:

These control parameters are selected by senior management and the Program Administrator for UVM.