Employee Expense Reimbursement Fraud: Schemes and Controls - SHRM & HRCI Accredited

On-Demand Schedule Sun, November 17, 2019 - Sun, November 24, 2019
Duration 90 Mins
Level Basic & Intermediate
Webinar ID IQW19J1053

Learning Objectives:

By attending this webinar, 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.

Areas Covered in the Webinar:

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 Dont's.
  • General controls: Segregation of Duties, Delegation of Authority, Background Investigation.
  • Specific Expense reimbursement controls and deterrents.

Overview of the webinar

This 90-minute webinar will summarize the main types of reimbursement fraud to be alert to, and include an analysis of several “real life” case studies. It will 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 should attend?

  • 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/Fraud Investigators and Examiners

Why should you attend?

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.

Faculty - Mr. Brian G. Rosenberg

Brian G. Rosenberg, CEO of TRG Consulting, is a leading expert in AP automation and process improvement. He has over 15 years in the design of accounts payable shared service centers, and nearly 20 years of experience with implementation of accounts payable solutions. Mr. Rosenberg is also the chairman of the editorial board for Financial Operations Matters magazine, and is a published author, and speaker, on procure-to-pay best practices.

Credits

ComplianceIQ is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CPSM or SHRM-SCPSM. This program is valid for [1.5] PDCs for the SHRM-CPSM or SHRM-SCPSM. For more information about certification or recertification, please visit www.shrmcertification.org.

HR (General) recertification credit hours toward aPHR™, PHR®, PHRca®, SPHR®, GPHR®, PHRi™ and SPHRi™ recertification through HR Certification Institute® (HRCI®). Please make note of the activity ID number on your recertification application form. For more information about certification or recertification, please visit the HR Certification Institute website at www.hrci.org

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