Week 10 Discussion 2.docx - Expense Fraud Expense fraud in...

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Expense Fraud Expense fraud in form of reimbursements is continuing to paralyze the procurement departments, making companies incur huge loses of revenue each year. Regarding the report filed by Certified Fraud Examiners, the filing of false claims has led to the loss of more than $40,000 of revenue every year. According to the report, about 15% of the total asset misappropriation is caused by employees within a company. In the court case determined by New Hanover County Superior County determined a case that involved a former employee of American Fire Technologies who he admitted that he dishonestly received travel reimbursements amounting to $41,294. During the hearing and determination of the case, witnesses explained how the employee submitted fake airlines receipts during his reign in the year 2015. The judge
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