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Travel & Entertainment/Expense Reimbursement Fraud: Detection & Prevention - online live webinar on February 2018 by Training Doyens.

Webinar Information


Travel & Entertainment/Expense Reimbursement Fraud: Detection & Prevention


Travel & Entertainment/Expense Reimbursement Fraud: Detection & Prevention, Denver, Colorado, United States
Webinar Title
Travel & Entertainment/Expense Reimbursement Fraud: Detection & Prevention
Event Type
Webinar
Webinar Date
20-02-2018
Last Date for Applying
20-02-2018
Location
Denver, Colorado, United States

Publish / Maintain / Marketing / Hosted By
Organization Name / Organize By
Training Doyens
Organizing/Related Departments
Training Doyens
Organization Type
Organization/Company
Webinar Category
Both (Technical & Non Technical)
Webinar Level
All (State/Province/Region, National & International)
Related Industries

Education/Teaching/Training/Development

Finance

Location
Denver, 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

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 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.

Participants will be able to:

  • Understand the many types of travel, entertainment and internal procurement frauds
  • Implement effective expense reimbursement fraud detection techniques and build audit practices to detect red flags of these crimes
  • Implement best-practice Anti-Fraud Control strategies for expense reimbursement fraud

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://goo.gl/rn4RM2

Email: support@trainingdoyens.com

Toll Free: +1-888-300-8494

Tel: +1-720-996-1616

Fax: +1-888-909-1882

Others Details

Identify various types of reimbursement frauds, including travel, entertainment and internal procurement frauds, & understand strategies to control them.

Registration Fees
Available
Registration Fees Details
Live Session for one participant $159 Corporate Live Session Group – Max 10 Participants from one location. $449 Recorded Session Get unlimited access to audio recording of the webinar for 6 months. $199 Training CD MP3 files, PDF presentation and reference manual will be delivered on a CD $379 Super Combo Offer 1 Live and Recorded webinar $289 Super Combo Offer 2 Live and Training CD $429
Registration Ways
Email
Phone
Website
Other
Address/Venue
26468 E Walker Dr, Aurora, Colorado 80016-6104  Pin/Zip Code : 80016
Landmark
Oct-30-2017
Official Email ID
support@trainingdoyens.com
Contact
Training Doyens

26468 E Walker Dr, Aurora, Colorado 80016-6104

support@trainingdoyens.com

   7209961616      7209961616
   Fax No: 7209961616
Training Doyens

26468 E Walker Dr, Aurora, Colorado 80016-6104

support@trainingdoyens.com

   7209961616      7209961616
   Fax No: Colorado City