Expense Reimbursement Fraud: Detection, Prevention and Deterrence 2015

Topics

• 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)
• Submitting T&E claims multiple times
• Falsifying T&E reimbursement schemes with 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)
• Specific red flags of each of the common expense reimbursement frauds
• P-Card fraud
• Implementing an organization-wide system for detecting, preventing and investigating fraud
• The Fraud Risk Mitigation Cycle
• 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 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 Don’ts
• Specific Expense reimbursement controls and deterrents

Who should Attend

• External Audit Professionals
• Internal Audit Professionals
• Audit Practitioners
• Accounting Practitioners
• Senior Financial Management
• HR Managers
• Procurement Managers
• Payables Specialists
• Ethics Managers
• Compliance Managers
• Security Personnel
• CFO’s