Individual item 20 to a hard copy of the t e template

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individual item >$20) to a hard copy of the T & E template report and forward to Accounting for review and reimbursement. 5. An annual budget, including T&E items, are established at the beginning of the fiscal year, and the Budget Dept provides monthly spending analysis to each CC Mgr. For last fiscal year, actual lodging expenses totaled $12 million (budget = $10M), car rental/cab totaled $6 million (budget = $5M), meals totaled $5 million (budget = $4M), and entertainment totaled $3 million (budget =$2M), and miscellaneous travel expenses totaled $6 million (budget =$3M). The company has continued to enjoy moderate increase in total revenues but net income has started to decrease slightly, but still within industry averages. The CAE has asked the Auditor-in-Charge (AIC), which is you, to assess the T & E process and identify the following; A) Risks not adequately mitigated with needed controls; B) Existing controls that needs to be tested by IA to ensure effective implementation, and C) Possible areas requiring further audit
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investigations or suggestions to improve the process. A.
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  • Fall '19
  • Expense, Credit history, Traveler, Operating expense, Computer reservations system, Airline Reservations System

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