Third Party Auditing Services of Procurement Card (P-Card) Purchases

Lancaster County, South Carolina is soliciting proposals from qualified, independent auditing firms to perform a comprehensive external audit of its Procurement Card (P-Card) program. The program supports decentralized purchasing activities across multiple departments and currently includes approximately 136 active cardholders. The primary objective of this audit is to evaluate the effectiveness of internal control procedures, ensure compliance with County policies and industry best practices, and identify potential risks associated with P-Card usage. The selected audit firm will conduct a comprehensive audit of P-Card transactions for Lancaster County, covering the past five fiscal years with a concentration on the past two fiscal years. The audit will assess compliance with South Carolina Consolidated Procurement Code, Lancaster County P-Card Policy, and internal controls. • The audit will evaluate transaction legitimacy, policy compliance, fraud detection, and internal controls. • The audit will identify personal or non-business expenses, assess potential conflicts of interest or favoritism, and identify areas of concern. • The audit will provide recommendations for continuous improvement and internal controls. • The audit will provide a detailed audit report with findings, risk assessment, and corrective actions.