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Forensic review finds generally appropriate P-card and fuel use, recommends tighter controls and periodic audits
Summary
A forensic accounting review of Hopewell purchase-card and fuel transactions from FY2019 to present found about 17,000 transactions (~$2.7M) with no widespread misuse; the report recommends limiting cardholders, periodic audits, stricter approval documentation and a fuel policy to improve preventive controls.
A forensic accounting team reported to the council that Hopewell’s purchase-card (P-card) and fuel transactions from FY2019 onward show widespread documentation and no systemic diversion of funds based on the sample reviewed, but the city should tighten preventive controls and conduct periodic audits.
Costa Chakrabarti, senior manager in the presenting firm’s forensic accounting group, said the team reviewed monthly P-card statements and a fuel-purchase database over roughly six years (about 17,000 transactions totaling about $2.7 million). They conducted a more detailed…
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