In this practical webinar, you’ll receive step-by-step guidance on expense reimbursement fraud. You’ll learn about the various types of expense reimbursement fraud, methods of uncovering such frauds, and what you can do to prevent expense reimbursement fraud.

Upon successful completion of this course, you’ll be able to:

• Describe the “fraud triangle”
• List the common types of expense reimbursement fraud schemes, including:
  • Overstated expenses
  • Fictitious expenses
  • Unauthorized expenses
  • Misuse of company assets
  • Double billing
  • Altered receipts
• Identify methods for detecting expense reimbursement fraud, including:
  • Data analytics
  • Invoice and receipt reviews
  • Vacation and holiday reviews
  • Benford’s Law
  • Random price checks
  • Ratio analysis
  • Outlier searches
  • Itemization reviews
• Recognize red flags, including:
  • Sequential invoice or receipt numbers
  • Excessive cash payments
  • Missing original receipts
  • Employee behaviors
  • Delayed submissions
• Implement internal controls that prevent and detect expense reimbursement fraud, including:
  • Risk analysis
  • A controlled environment
  • Controlled activities
  • Improved training and communication
  • Monitoring