OVERVIEW
Expense reimbursement fraud—encompassing the myriad forms of employee travel and entertainment (T&E) schemes as well as Purchasing Card (P-Card) fraud—costs organizations hundreds of thousands, if not millions of dollars per year
According to the Association of Certified Fraud Examiners (ACFE), expense reimbursement frauds result in a median loss of $26,000 per incident and represent 14.5% of all employee fraud.
While many of these schemes are considered “immaterial”—such as claiming reimbursement for a personal meal ... charging a pay-per-view movie to a business-related hotel bill ... or inflating the cost of a taxi ride—management should not underestimate the cumulative cost of these thefts.
This ‘anti-fraud controls in payroll’ webinar will summarize the main types of reimbursement fraud to be alert of, including several “real life” case studies. It will then explain how to identify the red flags of possible employee T&E and expense reimbursement fraud, offer specific fraud detection and prevention techniques and test for these crimes and conclude with a rundown of proven anti-fraud controls
LEARNING OBJECTIVES
- Understand the many types of travel, entertainment and internal procurement frauds
- Implement effective expense reimbursement fraud detection and prevention techniques and build audit practices to detect red flags of these crimes
- Implement employee expense reimbursement best practices and anti-fraud control strategies for expense reimbursement fraud
WHO WILL BENEFIT
- Internal and external audit professionals
- Accounting and audit practitioners
- HR managers
- Senior financial management seeking to reduce their vulnerability to costly frauds
- Payables specialists
- Procurement managers
- Compliance and ethics managers
- CFO’s/senior financial managers
- Security personnel
To Register (or) for more details please click on this below link:
Email: support@trainingdoyens.com
Toll Free: +1-888-300-8494
Tel: +1-720-996-1616
Fax: +1-888-909-1882
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