Although travel and entertainment expenses (T&E) are often a small component of overall corporate expenditures, they are one of the highest inherent risk areas for inappropriate costs and fraud. 

Expenditures can be a traveler's best friend but can also be management's worst nightmare if not properly handled. This process area inherently provides prime opportunity for unauthorized or inappropriate and lavish expenditures by executives and other personnel.  When this occurs, more than just dollars are at stake for the company.  Uncontrolled and unmanaged travel and entertainment expenditures can impact reputation, operations and compliance areas.

This course provides context by starting with common areas of T&E abuse and fraud. We then address where T&E fits in the control environment, COSO, and relevant T&E controls. We also highliight areas of abuse that go unnoticed and red flags. Finally we describe processes that can strengthen T&E monitoring and management. 

Why Should you Take this Course:

Regulators and legislation suggest annual review of executive expenditures.  However this can be a risk laden area for compliance professionals to review due to the internal political ramifications.  In today's world of transparency and increasing fraud, management must learn that attention, monitoring, and periodic review of travel and entertainment expenses is an important component of maintaining proper internal controls

Who can Benefit:

• Professionals in the office of the CFO
• CEO/CFO
• Board Members
• Internal Auditors
• Compliance Professionals
• Operational professionals
• Finance Professionals