Market Areas > Corporate Finance > TE Expense Report

T&E Expense Reporting: Prevent Costly Errors and Minimize Fraud

Course Description:

Studies show most companies spend little time reviewing T&E reports because of the insignificant value of each item.  But even small infractions can add up to thousands even millions of dollars for any organization.

Consider that the 2005 American Express Survey found that 22 percent of U.S. companies took punitive action against their employees for expense report abuse in the previous year. 

So who does it?  It’s that unsupervised, valued, hardworking employee who’s above suspicion.  They’re usually married, a member of a religious organization, educated beyond high school, and has no previous arrest record.

How do they do it?  False and altered receipts, fictitious expenditures, overstating expenses, purchasing personal items, claiming gifts for customers, inflating expenses, claiming non-existent cash tips, inflating mileage, the list goes on…

So how do you establish controls that will minimize costly errors and prevent fraud?  Join CCM and expert Rich Lanza in this practical audio program designed to help every AP department, even those with highly automated systems, develop a T&E audit process that will ultimately boost your company’s bottom line.  Plus you’ll find out:

• How to develop and communicate clear and concise expense guidelines
• What you must include  in your internal T&E policies
• Strategies and “how to” tips for aggregating, monitoring and analyzing expense data
• Techniques to help you audit employees' compliance with spending policies
• How to identify errors and fraud to minimize losses and reduce business risk
• What types of analyses you should perform to highlight fraud in your T&E process
• How to satisfy the IRS recordkeeping requirements

You also get the answers to your specific questions in the live Q&A session following the course presentation.

Featured Faculty:

Rich Lanza (CPA /CITP, CFE, PMP) President of Cash Recovery Partners, LLC

Rich helps companies identify their hidden financial assets, mostly using technology and referring them to specialists. He has a decade and a half of experience in audit technology and recovery auditing, becoming a leading authority in these areas. His free website, www.findmillions.net, helps companies to identify cost recovery and prospective savings in all areas of their business.

MONEY-BACK GUARANTEE:

We're so confident you'll get what you want out of this conference that we'll refund every penny if you're not completely satisfied. No questions asked! It's 100% risk-free!

Pricing:

Unable to Attend?  Order the CD!
Your CD recording includes the complete audio conference presentation, audience Q&A and presentation materials.

APPROVED FOR RECERTIFICATION CREDIT:

Each CCM event presents a variety of information and is presented for each organization to develop its own approach and methodology.