What happens if a cardholder does not properly document transactions made with the Governmentwide Commercial Purchase Card?

When a cardholder fails to properly document transactions made with the Governmentwide Commercial Purchase Card, the consequences can be significant, which is why the correct answer involves potential penalties and sanctions. Proper documentation is a critical requirement for compliance with regulations governing the use of government purchasing cards. It ensures that all expenditures are tracked accurately and can be accounted for during audits or reviews.

Failing to document transactions may lead to findings of mismanagement, which could result in penalties for the cardholder, including administrative actions or even criminal sanctions if misuse is determined. Additionally, lack of proper documentation undermines financial oversight and can create issues during financial audits, impacting the integrity of governmental financial reporting.

The other options do not accurately reflect the realities of the situation; for instance, improved tracking of expenditures and enhanced budgetary control would actually depend on proper documentation, not result from its absence. Similarly, the idea that there would be no significant consequences is misleading, as there are indeed serious implications for non-compliance in a governmental context.