Market Areas > Corporate Finance >T&E Expense Reporting

T&E Expense Reporting: Putting the Spotlight on Expense Report Fraud

Course Description:

Did you know expense reimbursement fraud is the second most occurring company fraud involving cash?  In fact, expense report fraud actually accounts for 15 percent of all reported fraud. 

Yet, studies show most companies spend little time reviewing your 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.

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…

Course Highlights:

This practical yet comprehensive audio conference will explore how to keep your organization safe from pilfering employees.  During this information-packed session, you will learn how to:

1. Identify errors and fraud to minimize losses and reduce business risk,
2. Establish a plan for fraud detection and follow through for maximum impact on minimal effort, and
3. Develop and communicate clear and concise expense guidelines.

During this must-attend session, you’ll also learn:

• 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
• What types of analyses you should perform to highlight fraud in your T&E process
• Red flags to look out for in expense reports
  
  

Faculty:

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

Rich helps companies identify their hidden financial assets, mostly using technology and referring them to specialists. He has close to two decades 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.  He recently published a title for Wiley & Sons on a similar topic, with content specific to travel and expense auditing, entitled Cost Recovery: Turning Your Accounts Payable Department Into a Profit Center.

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:

Center for Competitive Management is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPESponsors. State boards of accountancy have final authority on the acceptance of individual courses forCPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.

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