Effective Data Analytics to Detect T&E and P-Card Fraud
The 10 essential tests you should run to detect travel & entertainment fraud
Travel & Entertainment ("T&E") fraud has always been an easy way for employees to pocket cash and with the proliferation of procurement cards, it has become easier than ever. Year after year, studies point to T&E fraud being a top ailment affecting all organizations – big and small, public and private, regardless of the industry and sector. But taking the first steps to build a solid fraud prevention program does not have to be expensive or time consuming.
You can start by running 10 essential tests – using existing software or Excel – that will help you identify and thwart T&E fraud, as well as demonstrate to the board, company owners and shareholders, that you have conducted prudent, risk-management exercises as a matter of course.
What you will learn:
- How to prioritize the top areas and departments of T&E fraud occurrence for your company, based on research culled from recent field surveys
- How to run key, proactive fraud detection tests – using existing financial software – in procurement card data tables, accounts payable, and the general ledger..
- The best and easiest detection steps to implement immediately, mostly using data analytics.
- How to set up an anti-fraud policy to help prevent future T&E and P-card frauds.
This is a previously recorded 2-hour webinar from AuditNet® with Jim Kaplan and Rich Lanza.
AuditNet® is the Global Resource for Auditors, and serves the global audit community as the primary communications resource with an online digital network where auditors share resources, tools, and experiences including audit work programs and other audit documentation.
As the first online portal for the global audit community, AuditNet® has been at the forefront of audit websites dedicated to promoting the use of technology. http://www.auditnet.org/
Jim Kaplan, the founder of AuditNet®, became a Certified Internal Auditor in 1984. He has continuously promoted and encouraged the use of technology and the Internet for audit productivity.
As an active member of the IIA, he has held many positions at the local and International level. He is a founding member of the Northern Virginia Chapter and served as Chapter President in 1989. He retired from his government audit director position in 2005. He is the founder and President of AuditNet®, the global resource for auditors, and has been identified as an Internet for Auditors pioneer. Jim's contributions to the profession were recognized by the IIA (2007 Bradford Cadmus award) and the Association of Local Government Auditors (Lifetime Achievement Award). In addition to the IIA, he is a member of the Association of Local Government Auditors and the Association of Certified Fraud Examiners.