Show navigation

Available in:

OnDemand Webinar
MP3 Download

Detecting and Avoiding Expenses Fraud

Limit uncontrolled expenses by learning ways to better identify wasteful expenses, fraudulent expenses, and inefficient employees.

Loss of efficient control of reimbursable expenses, in connection with the operation of the business, has been described as the single most serious issue with regard to the success or failure of a business. This may be an overstatement, but nevertheless invites attention to uncontrolled expenses that may seriously impact the business. This topic will help bring this issue to your attention, and hopefully get it firmly fixed in your brain. You will benefit by being able to better identify wasteful expenses, fraudulent expenses, and inefficient employees. The material will also draw your attention to dealing with dishonest employees who pad their expense reimbursement applications. The problem of the employee becoming angry, embarrassed, or having hurt feelings, if caught with invalid expense items, is also addressed, with suggestions for how to police the expense process without causing unnecessary stress on the employer or employee, and, especially dealing with new employees, or long-time trusted employees found cheating.

Runtime: 90 minutes
Purchase Options

More Program Information

Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Problem

  • The Firm or Company Reimburses Employees for Out-Of-Pocket or Credit-Card Expenses Ostensibly Paid by an Employee
  • Some Employees Take Advantage of Company Expense Reimbursement by Inflating or Fabricating Expenses
  • This May Happen for Expenses Ostensibly Already Paid by the Employee, or Request for Company's Advance Payment of Necessary Expenses Such as Air Fare, Vehicle Rental, Hotel Rental, Gas, Office Supplies, etc. That the Employee Then Cancels and Pockets the Refund
  • Firm Officers Who Have No Time to Carefully Examine Expenses, or Simply Trust an Employee
  • Employees Think the Boss Won't Examine Them Expense Reports, Because the Boss Is Too Busy With Other Tasks, or Trusts the Employee

Ways to Cheat

  • Entering Phony or Inflated Expenses to an Expense Report or Wage-Check
  • Charging for Necessary Advance Costs That Are Paid by a Different Department
  • Claiming Reimbursement of Expense That Was Actually Paid to a Friend or Accomplice

Steps to Prevent or Uncover Cheating

  • Demand Receipts and or Credit Card Invoices
  • Develop Clear Policies and Have Employees Sign off on Them
  • Make Supervisors Accountable
  • Avoid Duplication of Reporting Expenses; e.g., Office Supplies
  • Check Employees' Advance Expenses (e.g., Air Fare) That Are Then Cancelled and the Employee Pockets the Refund
  • If a Large Firm, Consider Thinking About Confidential Whistle-blowers Whose Identities Are Not Disclosed. Post a Whistle-blower Box out of View of Staff
  • Examine All Credit Card Reports

How to Present Policy and Procedures to Employees

  • Heaven Forbid That You Hurt Employees' Feelings by Suggesting That Certain Measures Are Necessary
  • If Verbalized and Signed off as Part of the Hiring Process
  • Blame Outside Business Consultants for Making You Do This
Purchase Options

More Program Information

Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Webinar

This course was last revised on January 31, 2020.

Call 1-866-352-9540 for further credit information.

  • AIPB 1.5
     
  • This program is acceptable for 1.5 CPEC(s) towards the CB designation through the American Institute of Professional Bookkeepers (AIPB).
     
  • ME CLE 1.5
     
  • This course has been approved by the State of Maine Board of Overseers of the Bar. Lawyers who complete this course shall receive 1.5 hours of CLE credit under M. Bar R. 12.
     
  • SHRM 1.5
     
  • Lorman Education Services is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CPSM or SHRM-SCPSM. This program is valid for 1.5 PDC(s) for the SHRM-CP or SHRM-SCP. For more information about certification or recertification, please visit www.shrmcertification.org.
     

To earn each credit Lorman offers through the OnDemand learning platform, you need to watch 100% of the program. Also, for certain credits you will need to fulfill additional requirements which will be displayed on the "credits" tab when viewing the course.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

MP3 Download

  • Arizona CLE 1.5
     
  • CA MCLE 1.5
     
  • CT CLE 1.5
     
  • HI CLE 1.5
     
  • ME CLE 1.5
     
  • MT CLE 1.5
     
  • NJ CLE 1.8
     
  • NV CLE 1.5
     
  • VT CLE 1.5
     
  • WA CLE 1.5
     
  • WV MCLE 1.8
     
The CLE Code is ONLY a requirement when applying for CLE Credit in California (for participatory credit), Kansas, New Jersey or New York. Other states do not need to supply the CLE Code to apply for CLE credit.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

Purchase Options

More Program Information

Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Morgan D. King, Esq.

Morgan D. King, Esq.

Morgan D. King

  • Has been practicing law and writing and teaching on legal topics since 1971 and has been in private practice since 1972
  • Author of six books on consumer bankruptcy law and two books on delinquent tax remedies
  • Chairman of city of Dublin Planning Commission
  • Lead the successful effort to preserve the West Dublin and East Dublin hills Greenbelts from development
  • Recipient of NACBA's Distinguished Service Award
  • Member of the California bar, the National Association of Consumer Bankruptcy Attorneys, the Consumer Law and Ethics Committees of the American Bankruptcy Institute, formerly a member of the American Bar Association Tax Section Bankruptcy Task Force, the National Association of Chapter 13 Trustees, and other professional organizations
  • J.D. degree, University of California, Davis; A.B. degree, University of California, Berkeley
Purchase Options

More Program Information

Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!

  • Live Webinars
  • OnDemand Webinars
  • MP3 Downloads
  • Course Manuals
  • Audio Recordings*
  • Executive Reports
  • White Papers and Articles
  • Sponsored Live Webinars

Additional benefits include:

  • State Specific Credit Tracker
  • Members Only Newsletter
  • All-Access Pass Course Concierge

* For audio recordings you only pay shipping

Questions? Call 877-296-2169 to speak with a real person.

Sign Up Today
With This Course

Access to all training products for one year
$699/year

Unlimited Lorman Training

With the All-Access Pass there is no guessing what you will need for your yearly training budget. $699 will cover all of your training needs for an entire year!

Easy Registrations

Once you purchase your All-Access Pass you will never be any further than one-click away from attending any Lorman training course.

Invest in Yourself

You haven't gotten to where you are professionally by luck alone; it's taken a lot of hard work and training. Invest in yourself with the All-Access Pass.

Product ID: 406451
Published 2020
Purchase Options

Available in Multiple Formats

Purchase this course and learn on your schedule!