Home | Business News | Browse by Publication | B | Business Travel News

Common T&E expense reporting frauds.

Publication: Business Travel News
Publication Date: 11-AUG-03
Format: Online - approximately 662 words
Delivery: Immediate Online Access

Article Excerpt
MISCHARACTERIZED EXPENSES

"A simple scheme, amounting to little more than fibbing." ~Joseph Wells, certified fraud examiner, Association of Certified Fraud Examiners

How it works: The traveler books a personal flight, eats a non-business-related dinner or purchases a personal item and claims the expense as business-related, receiving a reimbursement from the company.

How to control/detect: "In cases involving airfare and overnight travel, a mischaracterization can sometimes be detected by simply comparing the employees' expense reports to his work schedule," according to ACFE. Require travelers to submit more detailed expense reports that include what was purchased, when it was purchased...

View this article FREE - Now for a Limited Time, try Goliath Business News
Free for 3 Days!



More articles from Business Travel News
FED contract goes to Carlson, Northrop Grumman., August 25, 2003
Expedia: the action's in corporate., August 25, 2003
TTM signs Daimler, readies data collection., August 25, 2003
AA, Sabre speak after settling differences., August 25, 2003
Buyers grappling with poor data in '04 hotel negotiations., August 25, 2003

Looking for additional articles?
Search our database of over 3 million articles.

Looking for more in-depth information on this industry?
Search our complete database of Industry & Market reports by text, subject, publication name or publication date.

About Goliath
Whether you're looking for sales prospects, competitive information, company analysis or best practices in managing your organization, Goliath can help you meet your business needs.

Our extensive business information databases empower business professionals with both the breadth and depth of credible, authoritative information they need to support their business goals. Whether it be strategic planning, sales prospecting, company research or defining management best practices - Goliath is your leading source for accurate information.