What does the abbreviation "AO" stand for in the US Bank program?

The abbreviation "AO" in the context of the US Bank program stands for "Approving Official." An Approving Official is typically responsible for reviewing and approving transactions made by cardholders, ensuring that purchases align with the organization's policies and financial guidelines. This role is crucial for maintaining oversight of spending and ensuring compliance with regulations.

Understanding the role of the Approving Official is important because they play a key part in the financial management process, which includes monitoring spending limits, verifying the appropriateness of purchases, and ensuring that all transactions are documented properly. This helps prevent misuse of funds and promotes accountability within the organization.