Description:

Expense reimbursement fraud encompassing the numerous forms of employee travel and entertainment (T&E) schemes as well as Purchasing Card (P-Card) fraudcosts 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 considereda 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.  

This webinar will summarize the main types of reimbursement fraud to be alert to, including several a real life case studies. It will explain how to identify the red flags of possible reimbursement fraud, offer specific fraud-detection techniques and tests for these crimes and conclude with a rundown of proven anti-fraud controls.

The webinar will cover:
•      Types of T&E P-Card fraud and most common perpetrators
•      Red flags of T&E fraud to watch for
•      Latest best practices in early T&E fraud detection
•      T&E fraud prevention best practices

Learning Objectives:
•       Explore the common and not-so-common T&E fraud risks to your organization
•       Identify the most common T&E fraud perpetrators
•       Understand the red flags of potential or actual T&E and P-card fraud
•       Learn how to detect T&E and P-Card frauds quickly and efficiently
•       Understand best practices in minimizing your organization risk of falling victim to T&E fraud