2019 - Employee Expense Reimbursement Fraud: Schemes and Controls

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.