ch 7 notes - PRINCIPLES OF FRAUD EXAMINATION Lecture...

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PRINCIPLES OF FRAUD EXAMINATION Lecture Outline Chapter 7 – Expense Reimbursement Schemes 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. All travel and entertainment expenses should be reviewed by a direct supervisor of the requestor c. Organizations should establish a policy that clearly states what types of expenses will and will not be reimbursed d. Employees should 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. Organizations should scrutinize any expense report that was approved
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This note was uploaded on 04/01/2012 for the course AC 562 AC 562 taught by Professor Online during the Spring '11 term at Keller Graduate School of Management.

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ch 7 notes - PRINCIPLES OF FRAUD EXAMINATION Lecture...

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