Although travel and entertainment expenses are often a small component of overall corporate expenditures, they are one of the highest inherent risk areas for inappropriate costs and fraud. Expenditures are a businessman'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 personnel. When this occurs, more than just dollars are at stake for the company. Uncontrolled and poorly managed travel and entertainment expenditures can impact reputation, operations and compliance areas.
This course provides insight into how to bring control and intelligent management to your company's T&E expenditures by bringing people, process and technology to bear along with best practices.
Who can Benefit:
- Professionals in the office of the CFO
- CEO/CFO
- Board Members
- Internal Auditors
- Compliance Professionals
- Operational professionals
- Finance Professionals
Learning Objectives
- Recognize the role of technology in managing travel and entertainment (T&E) expenses
- Identify automated expense tools
- Identify methods for evaluating T&E expenses
- Discover policy thoughts on T&E expenses
- Discover safeguards for T&E expenses
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Prerequisites
Prerequisite: Exposure to internal controls
Advanced Preparation: None