Why Should You Attend:
Employees who have the opportunity to exploit weaknesses in your organization’s expense reimbursement processes and procedures can do so. Moreover, anti-fraud experts agree that expense reimbursement fraud can be among the most difficult types of employee crime to detect and prevent. That is in large part due to the extraordinary variety of ways in which such crimes can be committed.
By attending this Webinar, you will learn how vulnerable your organization is to expense reimbursement fraud. You’ll learn about the common and not-so-common ways that these frauds are perpetrated and - most importantly - you’ll learn how to detect the red flags of these schemes, how to audit for them and how to tighten up your controls against them.
Anti-Fraud Control strategies for expense reimbursement fraud.
Areas Covered in the Webinar:
INTRODUCTION
Statistical overview of the fraud problem generally, and T&E fraud specifically.
Who commits fraud.
Why employees commit fraud (The Fraud Triangle).
Lessons from T&E fraudsters.
COMMON TYPES OF EXPENSE REIMBURSEMENT FRAUD TODAY
Falsifying T&E reimbursement schemes w/ bogus receipts.
Submitting T&E claims multiple times.
Abuse of corporate/P-card for personal gain.
Claiming for expenses just under the limit requiring approval.
Purchasing more than needed (e.g. office supplies).
Exploiting AP/Disbursements control weaknesses.
P-Card fraud.
RED FLAGS OF AP FRAUD
Specific red flags of each of the common expense reimbursement frauds.
The Fraud Risk Mitigation Cycle.
Implementing an organization-wide system for detecting, preventing and investigating fraud.
FRAUD DETECTION
How T&E Frauds Are Most Often Detected.
Additional General Detection Methods.
Data Mining/Analytics for fraud detection.
Examples of Fraud Audit Techniques at Work.
ANTI-FRAUD CONTROLS FOR EXPENSE REIMBURSEMENT FRAUD
Internal Controls and Other T&E Fraud Prevention Measures:
Who Should Manage Anti Fraud Activities.
Internal Controls: Do's and Dont's.
General controls: Segregation of Duties, Delegation of Authority, Background Investigation.
Specific Expense reimbursement controls and deterrents.
Employees who have the opportunity to exploit weaknesses in your organization’s expense reimbursement processes and procedures can do so. Moreover, anti-fraud experts agree that expense reimbursement fraud can be among the most difficult types of employee crime to detect and prevent. That is in large part due to the extraordinary variety of ways in which such crimes can be committed.
By attending this Webinar, you will learn how vulnerable your organization is to expense reimbursement fraud. You’ll learn about the common and not-so-common ways that these frauds are perpetrated and - most importantly - you’ll learn how to detect the red flags of these schemes, how to audit for them and how to tighten up your controls against them.
Anti-Fraud Control strategies for expense reimbursement fraud.
Areas Covered in the Webinar:
INTRODUCTION
Statistical overview of the fraud problem generally, and T&E fraud specifically.
Who commits fraud.
Why employees commit fraud (The Fraud Triangle).
Lessons from T&E fraudsters.
COMMON TYPES OF EXPENSE REIMBURSEMENT FRAUD TODAY
Falsifying T&E reimbursement schemes w/ bogus receipts.
Submitting T&E claims multiple times.
Abuse of corporate/P-card for personal gain.
Claiming for expenses just under the limit requiring approval.
Purchasing more than needed (e.g. office supplies).
Exploiting AP/Disbursements control weaknesses.
P-Card fraud.
RED FLAGS OF AP FRAUD
Specific red flags of each of the common expense reimbursement frauds.
The Fraud Risk Mitigation Cycle.
Implementing an organization-wide system for detecting, preventing and investigating fraud.
FRAUD DETECTION
How T&E Frauds Are Most Often Detected.
Additional General Detection Methods.
Data Mining/Analytics for fraud detection.
Examples of Fraud Audit Techniques at Work.
ANTI-FRAUD CONTROLS FOR EXPENSE REIMBURSEMENT FRAUD
Internal Controls and Other T&E Fraud Prevention Measures:
Who Should Manage Anti Fraud Activities.
Internal Controls: Do's and Dont's.
General controls: Segregation of Duties, Delegation of Authority, Background Investigation.
Specific Expense reimbursement controls and deterrents.
Agenda
INTRODUCTION
COMMON TYPES OF EXPENSE REIMBURSEMENT FRAUD TODAY
RED FLAGS OF AP FRAUD
FRAUD DETECTION
ANTI-FRAUD CONTROLS FOR EXPENSE REIMBURSEMENT FRAUD
Speakers
Peter Goldmann is president of FraudAware LLC, the publisher of White-Collar Crime Fighter, a widely read online information source for internal auditors, controllers, corporate counsel, financial operations managers and fraud investigators.Peter is the author of Fraud in the Markets: Why it Happens and How to Fight It, published by John Wiley & Sons, as well as four other anti-fraud books.
Peter also developed FraudAware, the leading employee fraud awareness training program. A user-friendly, customized learning tool, FraudAware uses workshop, Webinar and E-Learning formats to educate employees and managers at all levels in how to detect, prevent and report incidents of fraud or suspicious conduct.
Peter holds a Bachelor’s degree from the University of Michigan and a Master’s from the London School of Economics
He can be reached at pgoldmann@fraudaware.com
