Date: | July 7, 2015 - 1:00pm - 3:00pm |
Timezone: | (GMT-05:00) Eastern Time (US & Canada) |
Location: | Compliance Global Inc.2754 80th Avenue, New Hyde Park, NY 11040, New Hyde Park, NY, 11040, United States |
Website for Event: | https://www.complianceglobal.us/product/700141 |
Topic: | Distance Learning and E-Learning |
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. This webinar will summarize the main types of employee reimbursement policies to be alert to, including several “real life” case studies. It will then explain how to identify the red flags of possible reimbursement fraud, offer specific fraud auditing and test for these crimes and conclude with a rundown of proven anti-fraud programs. 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. Areas Covered in the Session: INTRODUCTION Learning Objectives: Participants will be able to: Who Will Benefit: • Internal Audit Professionals Level: Beginner |
Contact Name: | Compliance Global Inc |
Contact Email: | referrals@complianceglobal.us |
Contact Phone: | 5169005515 |