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VERSION:2.0
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BEGIN:VEVENT
DTSTAMP:20240329T144407Z
UID:c2eff76f-fabc-44ae-8996-33f78786ea10
DTSTART:20210419T130000
DTEND:20210420T130000
CLASS:PRIVATE
DESCRIPTION:
\nOverview
\nExpense reimbursement
fraud&mdash\;encompassing the myriad forms of employee travel and entertai
nment (T&\;E) schemes as well as Purchasing Card (P-Card) fraud&mdash\;
costs organizations hundreds of thousands\, if not \;millions
 \;of dollars per year
\nAccording to the Association of Certifie
d Fraud Examiners (ACFE)\, expense reimbursement frauds result in a median
loss of $26\,000 per incident and represent 14.5% of \;all&n
bsp\;employee fraud.
\nWhile many of these schemes are considered &ld
quo\;immaterial&rdquo\;&mdash\;such as claiming reimbursement for a person
al meal ... charging a pay-per-view movie to a business-related hotel bill
... or inflating the cost of a taxi ride&mdash\;management should not und
erestimate the \;cumulative \;cost of these thefts.
\nThis webinar will summarize the main types of reimbursement fraud to be
alert to\, including several &ldquo\;real life&rdquo\; case studies. It wi
ll then explain how to identify the red flags of possible reimbursement fr
aud\, offer specific fraud-audit techniques and test for these crimes and
conclude with a rundown of proven anti-fraud controls.\n
\n
\nLearning Objectives
\nParticipants w
ill be able to:\n\n\n - Understand the many types of t
ravel\, entertainment and internal procurement frauds
\n - Implement
effective expense reimbursement fraud detection techniques and build audi
t practices to detect red flags of these crimes
\n - Implement best-
practice Anti-Fraud Control strategies for expense reimbursement fraud\n <
hr />
\n  \; \n
\nPartial Course Agenda<
br />\nINTRODUCTION\n\n\n - Statistical ove
rview of the fraud problem generally\, and T&\;E fraud specifically
\n - Who commits fraud
\n - Why employees commit fraud (
The Fraud Triangle)
\n - Lessons from T&\;E fraudsters
\n
\nCOMMON TYPES OF EXPENSE REIMBURSEMENT FRAUD TODAY\n\n<
ul>\n Falsifying T&\;E reimbursement schemes w/ bogus recei
pts\n Submitting T&\;E claims multiple times\n <
li>Abuse of corporate/P-card for personal gain\n Claiming for exp
enses just under the limit requiring approval\n Purchasing more t
han needed (e.g. office supplies)\n Exploiting AP/Disbursements c
ontrol weaknesses\n P-Card fraud\n\nRED FLAGS O
F AP FRAUD\n\n\n - Specific red flags of each of th
e common expense reimbursement frauds
\n - The Fraud Risk M
itigation Cycle
\n - Implementing an organization-wide system for de
tecting\, preventing and investigating fraud
\n
\nFRAUD DE
TECTION\n\n\n - How T&\;E Frauds Are Most Often
Detected
\n - Additional General Detection Methods
\n <
li>Data Mining/Analytics for fraud detection\n - Examples of Fraud
Audit Techniques at Work
\n
\nANTI-FRAUD CONTROLS FOR EXPE
NSE REIMBURSEMENT FRAUD\n\n\n - Internal Controls a
nd Other T&\;E Fraud Prevention Measures:
\n - Who Shoul
d Manage Anti Fraud Activities
\n - Internal Controls: Do&rsquo\;s a
nd Don&rsquo\;t&rsquo\;s
\n - General controls: Segregation of Dutie
s\, Delegation of Authority\, Background Investigation
\n - Spec
ific \;Expense reimbursement controls and deterrents.
\n
\n\n
\n
\nWho Should Attend\n\n\n - Internal and external audit professionals
\n - Acc
ounting and audit practitioners
\n - HR managers
\n - Senior f
inancial management seeking to reduce their vulnerability to costly frauds
\n - Payables specialists
\n - Procurement managers
\n Compliance and ethics managers\n - CFO&rsquo\;s/senior financial
managers
\n - Security personnel\n
\n
\n
SUMMARY:Expense Reimbursement Fraud: Detection\, Prevention and Deterrence
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SUMMARY:Expense Reimbursement Fraud: Detection\, Prevention and Deterrence
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