Establish and Enforce a Sound Expense Reporting Policy

AP can help ensure adherence to T&E policies and prevent fraud by setting forth a consistent expense reporting process. Here are some mechanisms AP can put in place to prevent noncompliance: Checklist of Best Practices for Preventing T&E Fraud Here are some strategies for establishing fraud-deterring internal controls for T&E: □ Educate employees □ Educate approvers □ Hold approvers responsible □ Establish guidelines for processing □ Conduct surprise audits □ Reject incorrect reports □…