Detecting and Preventing Corporate Card Fraud - Travel and Entertainment Expenses

Why Should You Attend:

Most companies provide a corporate credit card to facilitate and manage a global travel and Travel and Entertainment Expenses (T&E) programs. T&E are often the second largest operational cost, after salaries. According to Aberdeen, “business expenses related to travel and entertainment encompass 8% to 12% of the average organization’s total budget.” So T&E is an important focus if you’re concerned about both saving money and improving controls for your company.

One problem that many companies face during- particularly during an economic downturn - is that travel T&E expenses head north, while revenues head south. During these times, fraudsters may feel compelled to augment their revenue. The T&E process always sparks awkward questions around the boardroom table and leads to questions on how to best control the process the process to detect and prevent fraud.

This webinar provides policies, procedures, and controls that will help your company detect and prevent corporate card fraud.

Areas Covered in the Webinar:

• Introduction
• T&E Process Overview
• Types of Corporate Credit Cards
• Your Leading Practice T&E Policy
• Identifying the Components of Your T&E Policy
• Six Best Practices for Developing Your T&E Policy
• T&E Standards of Internal Control
• Automating Your T&E Process
• Case Study
• Q&A

Who Will Benefit:

• Internal auditors
• Risk managers
• Accounts payable professionals
• Shared service directors
• Controllers
• CFOs

Instructor Profile:

Chris Doxey, CAPP, CCSA, CICA, CPC, spent most of her career implementing leadership teams and processes in her quest to fight fraud and implement internal controls at Digital Equipment Corporation, Compaq Computer Corporation, and Hewlett Packard. She held senior finance and accounting positions which allowed her to develop and implement standards of internal control for all aspects of financial operations – focusing on the procure to pay (P2P) process. She was recruited to assist WorldCom (MCI) with the implementation of internal controls, policies, and corporate governance in 2003. She developed a program for entity level internal controls, developed ethics training plans and programs, implemented delegation of authority and segregation of duties policies, and systems access controls.

Ms. Doxey uses her background and passion as a management consultant and helps her clients implement internal controls and leading practices across financial operations. She also developed the controller's certification program for the Institute of Finance and Management (IOFM) and the certified procure to pay (P2P) professional program for PayStream Advisors. She is a published author and sought after speaker. She also writes articles, blogs, and whitepapers for professional organizations and solution providers and provides several webinars and presentations throughout the year.

She holds a BA in English, a BS in Accounting, a Master’s in Business Administration, and a Graduate Certificate in Project Management. She is a Certified Accounts Payable Professional (CAPP), holds a Certification in Controls Self-Assessment (CSA), is a Certified Internal Controls Auditor (CICA), and is a Certified Professional Controller (CPC).

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