Posted: Mar 10, 2020
Companies often have multiple methods or channels for incurring, submitting, and reimbursing travel and entertainment expenses. These methods allow for greater administrative flexibility for employees but make it difficult for employers to detect expense policy violations such as split transactions or duplicate submissions of the same receipt.
Utilized data analytics to compile the data exports from each of these channels and conducted a search for employees that have expense submissions within a 30-day period that have identical receipt amounts and vendors through different expense methods.
Our work identified approximately $30,000 worth of transactions that met this search criteria. Population sampling and vouching could then be performed to identify if employees were subsequently submitting their corporate credit card receipts as personal transactions to fraudulently achieve a personal gain.