Employee Expense Reimbursement Fraud: Detection, Prevention and Deterrence 2019

Key Topics

• Introduction
  • Who commits fraud
  • Statistical overview of the fraud problem generally, and T&E fraud specifically
  • Lessons from T&E fraudsters
  • Why employees commit fraud (The Fraud Triangle)
• Common types of expense reimbursement fraud today
  • Submitting T&E claims multiple times
  • Falsifying T&E reimbursement schemes w/ bogus receipts
  • Claiming for expenses just under the limit requiring approval
  • Abuse of corporate/P-card for personal gain
  • Exploiting AP/Disbursements control weaknesses
  • Purchasing more than needed (e.g. office supplies)
  • P-Card fraud
• Anti-fraud controls for expense reimbursement fraud
  • Who Should Manage Anti Fraud Activities
  • Internal Controls and Other T&E Fraud Prevention Measures:
  • General controls: Segregation of Duties, Delegation of Authority, Background Investigation
  • Internal Controls: Do`s and Dont`s
  • Specific Expense reimbursement controls and deterrents
• Red flags of ap fraud
  • The Fraud Risk Mitigation Cycle
  • Specific red flags of each of the common expense reimbursement frauds
  • FRAUD DETECTION
  • Implementing an organization-wide system for detecting, preventing and investigating fraud
  • Additional General Detection Methods
  • How T&E Frauds Are Most Often Detected
  • Examples of Fraud Audit Techniques at Work
  • Data Mining/Analytics for fraud detection

Who should Attend

• Accounting and audit practitioners
• Internal and external audit professionals
• Senior financial management seeking to reduce their vulnerability to costly frauds
• HR managers
• Procurement managers
• Payables specialists
• CFO`s/senior financial managers
• Compliance and ethics managers
• Security Personnel/Fraud Investigators and Examiners