The rule of credit card audit was passed in 1999, in the meeting of Audit & Review Committee due to the request of the Director General of Finance.
The rule for the audit report of a credit card was approved about a decade ago. The meeting of the Audit & Review Committee was held about 10 years back in 1999, where the rule for the audit report of a credit card was approved. This rule was approved after the request of the Director General of Finance. The main reasons for the audit report of a credit card were to categorize and spot the actual managing and the framework of financial control concerning or connecting to the actual procedure or method of appealing, demanding and getting, holding as well as issuing the credit cards.
Another main reason and intention of credit card audit report is to check the accountability of credit cards. The second most intention of a credit card report is to find out and establish the degree to which different ideas, technique actually fulfill and meet the terms of the central agency. It also includes the rules and regulation, strategies plus directives of PWGSC. The nest most important intent of the audit report of a credit card is to launch exact and right kind of level of control that is engaged and uses to guarantee the dependability, consistency, validity as well as precision of the actual data that is used or employed in transaction processing.