Travel & Entertainment and Expense Reimbursement Fraud: Detection, Prevention and Deterrence

6 years ago Posted By : User Ref No: WURUR20509 0
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  • TypeWebinar
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  • Location Aurora, Colorado, United States
  • Price
  • Date 09-05-2018
Travel & Entertainment and Expense Reimbursement Fraud: Detection, Prevention and Deterrence, Aurora, Colorado, United States
Webinar Title
Travel & Entertainment and Expense Reimbursement Fraud: Detection, Prevention and Deterrence
Event Type
Webinar
Webinar Date
09-05-2018
Last Date for Applying
09-05-2018
Location
Aurora, Colorado, United States
Organization Name / Organize By
Training Doyens
Organizing/Related Departments
Cross Industry Functions
Organization Type
Organization/Company
WebinarCategory
Both (Technical & Non Technical)
WebinarLevel
All (State/Province/Region, National & International)
Related Industries

Education/Teaching/Training/Development

Business Development

Administration/Management

Location
Aurora, Colorado, United States

OVERVIEW

Expense reimbursement fraud—encompassing the myriad forms of employee travel and entertainment (T&E) schemes as well as Purchasing Card (P-Card) fraud—costs organizations hundreds of thousands, if not millions of dollars per year

According to the Association of Certified Fraud Examiners (ACFE), expense reimbursement frauds result in a median loss of $26,000 per incident and represent 14.5% of all employee fraud.

While many of these schemes are considered “immaterial”—such as claiming reimbursement for a personal meal ... charging a pay-per-view movie to a business-related hotel bill ... or inflating the cost of a taxi ride—management should not underestimate the cumulative cost of these thefts.

WHY SHOULD YOU ATTEND

In one case alone, a senior executive of a major multinational company stole $500,000 by abusing his expense account privileges. While this may not be typical of expense reimbursement fraud, it does illustrate how 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.

AREAS COVERED

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

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 Don’ts
  • General controls: Segregation of Duties, Delegation of Authority, Background Investigation
  • Specific Expense reimbursement controls and deterrents.

LEARNING OBJECTIVES

This webinar will summarize the main types of reimbursement fraud to be alert of, including several “real life” case studies. It will then explain how to identify the red flags of possible reimbursement fraud, offer specific fraud-audit techniques and test for these crimes and conclude with a rundown of proven anti-fraud controls.

WHO WILL BENEFIT

  • Internal and external audit professionals
  • Accounting and audit practitioners
  • HR managers
  • Senior financial management seeking to reduce their vulnerability to costly frauds
  • Payables specialists
  • Procurement managers
  • Compliance and ethics managers
  • CFO’s/senior financial managers
  • Security personnel

 

For more detail please click on this below link:

https://bit.ly/2Hty4lO

 

Email: [email protected]

Toll Free: +1-888-300-8494

Tel: +1-720-996-1616

Fax: +1-888-909-1882

Others Details

Learn the how to detect travel, entertainment and expense reimbursement frauds, what are the red flags and how to prevent them"

Registration Fees
Available
Registration Fees Details
Live Session for one participant $199 Corporate Live Session Group – Max 10 Participants from one location. $549 Recorded Session Get unlimited access to the link for six months. $219 Training DVD or USB Flash Drive MP3 files, PDF presentation and reference manual will be delivered on a CD $399 Super Combo Offer 1 Live and Recorded webinar $329 Super Combo Offer 2 Live and Training CD $479
Registration Ways
Email
Phone
Website
Other
Address/Venue
  Training Doyens 26468 E Walker Dr,Aurora, Colorado  Pin/Zip Code : 80016-6104
Landmark
Colorado
Official Email ID
Contact
Training Doyens

26468 E Walker Dr,Aurora, Colorado

[email protected]

   +1-720-996-1616