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Audit quality supersedes quantity.

Publication: Business Travel News
Publication Date: 31-OCT-05
Format: Online
Delivery: Immediate Online Access

Article Excerpt
To the surprise of many, 26 percent of respondents said they do not audit expense reports. Consulting Strategies consultant Dave Hillman said companies with controls that flag out-of-policy expenses need not randomly audit more than 5 percent of non-flagged reports. Of those surveyed, about 15 percent caught an employee...

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