Travel & Entertainment or Expense Reimbursement Fraud Schemes and How to Defend Against them

Event Details

Travel & Entertainment or Expense Reimbursement Fraud Schemes and How to Defend Against them

Time: September 23, 2015 from 10am to 11am
Location: Online Event
Street: 161 Mission Falls Lane, Suite 216
City/Town: Fremont
Website or Map: http://www.trainhr.com
Phone: 18003851627
Event Type: global, human, resource, training, hr, and, development, compliance
Organized By: TrainHR
Latest Activity: Jan 13, 2016

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Event Description

Overview:

Expense reimbursement fraud-encompassing the myriad forms of employee travel and entertainment (T&E) schemes as well as Purchasing Card (P-Card) fraud-cost 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.

Why should you attend: In one case alone, a senior executive of a major multinational company stole $500,000 by abusing his expense account privileges. While this may not be typical of expense reimbursement fraud, it does illustrate how employees who have the opportunity to exploit weaknesses in your organization's expense reimbursement processes and procedures can do so.

Areas Covered in the Session:

  • Understand the many types of travel, entertainment and internal procurement frauds
  • Implement effective expense reimbursement fraud detection techniques and build audit practices to detect red flags of these crimes
  • Implement best-practice 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
Instructor:
Peter Goldmann is founder and President of White-Collar Crime 101 LLC, the parent company of FraudAware and publisher of the monthly newsletter, White-Collar Crime Fighter. Peter has been the Publisher and Editor of White-Collar Crime Fighter for over 12 years and is recognized as a leading expert in the areas of fraud detection, prevention, investigation and training.


Contact Details:
NetZealous LLC, DBA TrainHR
Phone: +1-800-385-1627
Email: webinars@trainhr.com
http://www.trainhr.com

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