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Although travel and entertainment expenses are often a small component of overall corporate expenditures, they represent one of the highest inherent risk areas for inappropriate costs and fraud. These expenditures can be a business professional’s best friend—but management’s worst nightmare if not properly handled.

This area of spending inherently provides a prime opportunity for unauthorized, inappropriate, or lavish expenditures by executives and staff. When such spending occurs, more than just financial losses are at stake. Unmanaged travel and entertainment expenses can negatively impact a company's reputation, operations, and compliance efforts.

Discover various methods for evaluating expenses, focusing on identifying risks, analyzing data, and understanding the root causes of issues rather than just individual instances.

• The impact of technology on T&E processes and data analysis.
• Effective techniques for reviewing and evaluating expense reports.
• Developing and enforcing clear T&E policies and reimbursement procedures.
• Implementing key safeguards and controls, including employee and approver education.

Gain practical insights to enhance your organization's T&E management, reduce potential for abuse, and ensure compliance and efficiency.