Online Safety Community

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

Event Details

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

Time: May 9, 2018 from 1pm to 2:30pm
Location: Training Doyens 26468 E Walker Dr
City/Town: Aurora
Website or Map: https://bit.ly/2qBSCxZ
Phone: +1-720-996-1616
Event Type: online
Organized By: Training Doyens
Latest Activity: Apr 16

Export to Outlook or iCal (.ics)

Event Description

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: support@trainingdoyens.com

Toll Free: +1-888-300-8494

Tel: +1-720-996-1616

Fax: +1-888-909-1882

 

Comment Wall

Comment

RSVP for Travel & Entertainment and Expense Reimbursement Fraud: Detection, Prevention and Deterrence to add comments!

Join Online Safety Community

Attending (1)

Take our poll!

Take our poll!

Latest Activity

Tom Clark posted a blog post

5 Reasons Why Teens Get Addicted to Alcohol and Drugs

Teenage can be considered as the most difficult period of life. During the teenage years, boys and girls become so desperate that they can do anything they wish. It is basically a vulnerable time when teens try to navigate the bridge between adulthood and childhood. Teens are the most rebellious and as per the study, this is the reason why they get involved in anti-social activities. Not only that, they often become addicted to drug and alcohol because of their rebellious nature.Now this is not…See More
25 minutes ago
Jam Blanco posted a blog post

Response to Marine Oil Spills

Oil spills can wreak havoc on the environment and cause irreversible damage if they aren’t controlled in a timely manner. However, emergency responders need to be trained to react to emergencies quickly and efficiently to prevent more damage. The type of training they receive should depend on their proximity to the spill and whether they need to stop, contain or recover oil from release.For instance, workers who are assigned as early responders to an oil spill should be given more training…See More
34 minutes ago
Adam Fleaming posted a blog post

Where does GMP Training end and HR training begin?

That pharmaceutical companies need to hire professionals with the requisite qualifications is beyond question. This is not only required for the smooth conduct of activities in their course of their day-to-day work, but also because the FDA has set out its requirements for the proper educational and skill set qualification of employees in this profession in 21 CFR 211.25(a).This FDA section underlines the need for educational qualifications, training and experience to carry out their job…See More
2 hours ago
Training Doyens posted events
7 hours ago

Forum

Python Condition Objects Tutorial in 2018

If you have knowledge of other programming languages, then you would know the importance of conditional statements. Conditional statements are required for taking decisions. Whenever we operate the…Continue

Tags: course, certification, training, languages, programming

Started by Elena Lauren Apr 2.

Automation Anywhere. How do I pick a value from dropdown 1 Reply

Automation Anywhere. How do I pick a value from dropdown. I tried 'set text' from a copied variable. Its very slow, and also doesnt…Continue

Tags: anywhere, automation

Started by emmablisa. Last reply by venkatesh Mar 29.

Agile overcome common software security challenges

Paradoxically, security is a negative goal. To secure something, you must understand how insecure it is. Start by trying to break it or by figuring out how other people might break it. The same is…Continue

Tags: agile, scrum, security

Started by nicolewells Mar 23.

Understanding Data Parallelism in MapReduce

In order to understand the goals of MapReduce, it is important to realize for which scenarios MapReduce is optimized. The MapReduce programming model is created for processing data which requires…Continue

Tags: program, Implementation, Mapreduce

Started by gracylayla Mar 14.

TensorFlow serving vs TensorFlow service

I have a question regarding the difference between TensorFlow Serving versus TensorFlow service. (Sorry that I'm not familiar with this at all.)I found TensorFlow serving's definition, which is "…Continue

Tags: training, online, tensorflow

Started by emmablisa Feb 27.

Badge

Loading…

© 2018   Created by Safety Community.   Powered by

Badges  |  Report an Issue  |  Terms of Service