10 Ways to Prevent Business Expense Fraud and Abuse
Business expense fraud is a considerable issue across the world. Your organization does not have to be the next victim of travel and expense fraud.In this white paper, we will outline the different types of expense fraud, and will also explain how organizations can reduce and even eliminate the risk of expense fraud.
According to an Emburse Chrome River survey,
Expense fraud is estimated to cost $2.8 billion dollars a year in the United States
These are not simple cases of an occasional dinner being fraudulently expensed—in fact, according to data from the Association of Certified Fraud Examiners, on average 24 months elapse between the first instance and the individual (or individuals) being caught—if ever.