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U.S. Cos. improve comprehensiveness of expense auditing process.

Article Excerpt
U.S.-based businesses have improved the thoroughness of their auditing procedures since the introduction of Sarbanes-Oxley requirements, although receipt management policies have changed little in the past three years.

For the first time, according to Business Travel News" third annual Expense/Payment Manager Survey, companies now are auditing on average more than half of their expense reports. This year, companies are auditing an average of 56 percent of reports, compared with 44 percent in 2005 and 48 percent in 2004. At the same time, the number of companies auditing 100 percent of reports has increased to 37 percent compared with 25 percent in 2004, and the number of companies not auditing any reports has decreased to 11 percent, compared with about 15 percent in 2004.

Reports from suppliers support these numbers. Redmond, Wash.-based Concur Technologies recently added an auditing service to its offerings (BTN, Oct. 9). Eden Prairie,...

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