Detecting and Preventing Corporate Card Fraud - Travel and Entertainment Expenses

This webcast will discuss the policies, procedures, and controls that will help your company detect and prevent corporate card fraud. The Instructor will discuss the type of corporate credit cards and best practices for developing your travel and entertainment expense (T&E) policy. Participants will learn the T&E standards of internal control and how to automate their T&E Process.

Why Should You Attend:

Most companies provide a corporate credit card to facilitate and manage a global travel and Travel and Entertainment Expenses (T&E) programs. T&E are often the second largest operational cost, after salaries. According to Aberdeen, “business expenses related to travel and entertainment encompass 8% to 12% of the average organization’s total budget.” So T&E is an important focus if you’re concerned about both saving money and improving controls for your company.

One problem that many companies face during- particularly during an economic downturn - is that travel T&E expenses head north, while revenues head south. During these times, fraudsters may feel compelled to augment their revenue. The T&E process always sparks awkward questions around the boardroom table and leads to questions on how to best control the process the process to detect and prevent fraud.

This webinar provides policies, procedures, and controls that will help your company detect and prevent corporate card fraud.

Areas Covered in the Webinar:

• Introduction
• T&E Process Overview
• Types of Corporate Credit Cards
• Your Leading Practice T&E Policy
• Identifying the Components of Your T&E Policy
• Six Best Practices for Developing Your T&E Policy
• T&E Standards of Internal Control
• Automating Your T&E Process
• Case Study
• Q&A

Who Will Benefit:

• Internal auditors
• Risk managers
• Accounts payable professionals
• Shared service directors
• Controllers
• CFOs