Expense Reimbursement Fraud
Author: Robert K Minniti
| CPE Credit: |
2 hours for CPAs |
This course is designed to review the issue of expense reimbursement frauds. Businesses, not-for-profits, and government entities all have issues with expense reimbursement frauds. This is one of the easiest frauds for employees to commit. Examples of actual frauds will be provided so participants can understand how the frauds are being committed and how they were uncovered. We will review various methodologies for detecting expense reimbursement fraud and will discuss developing internal controls to help prevent and detect expense reimbursement fraud.
Publication Date: August 2021
Designed For
CPAs, CFEs, CMAs, CIAs, CFFs, MAFFs, CGMAs, CFOs, CEOs, business owners, business managers, internal auditors, external auditors, corporate accountants, government accountants and risk management personnel.
Topics Covered
- Review the issue of expense reimbursement frauds
- Fraud Losses
- Occupational Frauds
- Red Flags for Fraud
- Duration and cost of Expense Reimbursement Schemes
- Examples of Expense Reimbursement Frauds
- Detecting & Preventing Expense Reimbursement Frauds
- Red Flags for Expense Reimbursement Frauds
- Expense Reimbursement Data Analytics
- Internal Controls for Expense Reimbursement Frauds
- COSO Framework for Internal Control
- Risk Analysis
- Consequences of Committing Fraud
Learning Objectives
- Identify common expense reimbursement frauds
- Recognize how to detect red flags for expense reimbursement fraud
- Describe what is not used to detect expense reimbursement frauds
- Identify what is not a risk for expense reimbursement fraud
- Recognize parts of the control environment
- Describe a control activity
- Recognize an information and communication control
- Describe a monitoring control
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Auditing (2 hours)
Program Prerequisites
A basic understanding of fraud and internal controls
Advance Preparation
None
