Expense Reimbursement Fraud (Currently Unavailable)
Author: Robert K Minniti
| CPE Credit: |
2 hours for CPAs |
This on-demand course is designed to review the issue of expense reimbursement frauds. 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 2018
Designed For
CFOs, CEOs, business owners, business managers, internal auditors, external auditors, corporate accountants, government accountants and risk management personnel.
Topics Covered
- The Fraud Triangle
- Occupational Frauds
- Duration of Expense Reimbursement Schemes
- Expense Reimbursement Fraud Cases by Industry
- Examples of Expense Reimbursement Frauds
- Detecting Expense Reimbursement Frauds
- Red Flags for Fraud
- Red Flags for Expense Reimbursement Frauds
- Internal Controls for Expense Reimbursements
- Responsibility for Internal Controls
- COSO Framework for Internal Control
- Control Environment
- Control Activities
- Risk Analysis
- Information & Communication
- Monitoring
- Consequences of Committing Fraud
Learning Objectives
- Identify common expense reimbursement frauds
- Recognize how to detect red flags for expense reimbursement frauds
- Differentiate which types of frauds has the highest frequency of occurrence
- Identify true statements with respect to occupational fraud
- Identify the top concealment method used by fraudsters
- Recognize which expense reimbursement scheme has the shortest median duration of time to detection
- Identify HR related issues was the most common red flag prior to or during a fraud
- Differentiate components of the COSO Framework
- Identify the median loss of occupational frauds for businesses with less than 100 employees
- Recognize which types of of asset misappropriation schemes present the least risk
- Identify the percentage of both physical and electronic evidence that is concealed based on the referenced 2018 fraud report
- Differentiate the choices list the type of fraud schemes in order of shortest to longest months to detection based on 2016 data
- Identify the top way in which occupational fraud is detected
- Identify red flag for expense reimbursement fraud
Level
Intermediate
Instructional Method
Self-Study
NASBA Field of Study
Accounting (1 hour), Auditing (1 hour)
Program Prerequisites
A basic understanding of fraud and internal controls
Advance Preparation
None
