Expense Reporting Fraud and Abuse: Protect Your Company FLEXCAST

Overview

Are you constantly battling the creative ways employees game expense reports, undermining your organization’s financial integrity? You’re not alone. This pervasive issue, if left unaddressed, not only leads to financial losses but also erodes trust within the organization. In this course, we delve deep into the gravity of expense reimbursement fraud and its implications for any business. Starting with a detailed discussion on the magnitude of this challenge, we illuminate the often-underestimated impacts of such practices. But identifying the problem is only the beginning. Our course progresses to present the findings of a recent study on receipt requirements in companies, providing a benchmark for your own policies. The crux of our course lies in unraveling the various tactics employees employ to inflate their reimbursement claims and, more importantly, equipping you with robust strategies to counteract these fraudulent activities. By the end of this course, you will not only be able to pinpoint the common fraud schemes but also implement strong controls to deter such behavior, seamlessly integrate IRS requirements into your T&E policy, and establish a clear, tight expense reimbursement policy that leaves no room for misconceptions or misuse.

Highlights

Common expense reporting issues. Expense reporting problems caused by the traveler. Expense reporting problems caused by the manger. Expense reporting issues that can be addressed if the detailed meal receipt is required. Best expense reporting practices roundup.

Prerequisites

None.

Designed For

CPAs and accountants.

Objectives

Identify common expense reimbursement fraud schemes used by employees. Identify best practices for implementing strong controls to deter expense reimbursement fraud. Discover how to integrate IRS requirements into your organization’s T&E policy. Recognize characteristics of a tight expense reimbursement policy that will prevent misconceptions about your expense reimbursement policy.

Preparation

None.

Notice

This is a FlexCast (no exam required) and may be viewed only Monday - Saturday, 5am - 5pm PT. You may take up to one year from the date of purchase to complete the course. Pause your FlexCast and resume at a convenient day during the hours above. Partial credit for 2+ credit courses: If you are unable to complete the course in one sitting, partial credit can be awarded (minimum of one credit). To earn the remaining credits, you must return later and start the course from the beginning. Use chat to ask questions of a subject matter expert during the program.