In over three-quarters of expense reimbursement deceits, the perpetrator was also undertaking at least one other form of occupational thievery.
This startling fact comes from the Report to the Nations, one of the most respected fraud surveys conducted by the Association of Certified Fraud Examiners.
Several stories have appeared in the press recently about companies who have fired employees who played games with their expense reports.
This startling fact comes from the Report to the Nations, one of the most respected fraud surveys conducted by the Association of Certified Fraud Examiners.
Several stories have appeared in the press recently about companies who have fired employees who played games with their expense reports.
Learning Objectives:
- Identify common expense reimbursement frauds some employees employ
- Implement strong controls to deter expense reimbursement fraud
- Integrate IRS requirements into your organization's T&E policy
- Create a tight T&E policy that will prevent misconceptions about your T&E policy
- Develop a best practice policy that will prevent some of the game playing by employees with their expense report reimbursement requests
Why Should You Attend:
Creativity when preparing a travel and expense reimbursement request is not a desirable approach. Yet, from the numerous stories shared by AP Now's readers, that is precisely what is going on in many, many organizations.
This entertaining but informative session will start with a brief review of IRS requirements regarding documentation (receipt) of travel and entertainment expenses. We'll then share the results of a recent study on what companies are requiring as far as receipts and documentation for travel and entertainment expenditures are concerned.
The remainder of the session will focus on the different games some employees play when attempting to get reimbursed for more than they actually spent along with tactics you can use to stop this problematic behavior. All the examples shared are based on numerous real-life incidents.
Instructor
Mary S. Schaeffer is the author of 18 business books, a monthly newsletter, and a free bi-weekly e-zine, as well as several CPE courses for CPAs. She runs AP Now, a boutique publishing and consulting firm focused on accounts payable issues. She also serves as the Education Director for the Institute of Financial Operations.
Before turning to writing and consulting she worked in the corporate world as an Assistant Treasurer for the Equitable Life Assurance Society, a Financial Risk Manager for O&Y and a Corporate Cash Manager for Continental Grain. A frequent and popular speaker at both live and online events, she has an MBA in Finance and a BS in Mathematics.