Chapter 7- Expense Reimbursement Schemes.docx - Expense Reimbursement Schemes \u2013 are occupational frauds in which employees make false claims for

Chapter 7- Expense Reimbursement Schemes.docx - Expense...

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Expense Reimbursement Schemes – are occupational frauds in which employees make false claims for reimbursement of fictitious or inflated business expenses. A. Mischaracterized expense reimbursements – e.g., claiming that a personal expense is business-related 1. Preventing mischaracterized expense reimbursement schemes a. Require detailed information for expense reimbursement b. Require that a direct supervisor of the requestor review all travel and entertainment expenses c. Establish a policy that clearly states what types of expenses will and will not be reimbursed d. Require that employees sign a statement acknowledging that they understand the policy and will abide by it 2. Detecting mischaracterized expense reimbursement schemes a. Compare the employee’s expense reports to his work schedule b. Scrutinize any expense report that was approved by a supervisor outside the requestor’s department c. Compare expense reimbursement levels to prior years and to budgeted amounts d.
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  • Fall '19
  • Expense, Payment, supervisor, Expense Reimbursement Schemes

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