Expense Fraud – "What Were They Thinking?”
Expense fraud is one of the fastest ways to get yourself on the front page of the newspaper for all the wrong reasons. It's often those who are most trusted and earning large salaries who are the biggest offenders. Parliament members, law firm partners and top executives have lost their jobs, been disbarred and gone to jail because of fraudulent expense reports. What were they thinking and why did they do it? We will look into the background of the issue, delve into the psychology behind it and focus on ways an organization can safeguard itself through prevention and detection.
This isn't just about a few dollars lost here and there -- big money is at play. Expense fraud also directly reflects on an organization's reputation, hindering the ability to attract new customers and recruit top talent.