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Detecting and Preventing Travel & Entertainment and P-Card Fraud Using Data Mining

September 15, 2010, 11AM 1PM EDT

 

Do you know where your organization’s T&E dollars are going? Statistics from the Association of Certified Fraud Examiners show that the average T&E fraud results in $33,000 in losses. Do the math: If just 20 of you organization’s employees steals $33,000 in T&E funds, that adds up to $660,000. And—purchasing cards are a big part of the problem when employees abuse the cards to get reimbursed for personal T&E expenses.

 

Bottom line: T&E frauds should NOT be taken lightly. Especially because there so many types of them.

 

Now there’s a convenient, low-cost opportunity to learn the essentials of how T&E and P-Card fraud is committed, who commits these frauds most often, and — most importantly—how to use the latest software tools and techniques to detect and prevent these crimes and substantially reduce your organization’s losses.

 

This important Webinar will give you expert insight into the T&E frauds your organization is most threatened by, including:

  • Submitting reimbursement claims TWICE for the same expenses

  • Using bogus receipts to get reimbursed for expenses never incurred

  • Abusing corporate credit and P-cards for personal expenses (Remember former Wal-Mart Co-Chairman Thomas Coughlin’s $1,300 alligator boots and personal hunting vacations paid for by the company?)

  • Getting reimbursed for airfare that is never used

Problem: Without the data-mining tools and techniques for detecting these frauds, an organization can be victimized by these schemes for two full years or longer!

The good news: We've prepared a low-cost opportunity to learn how to protect your organization from T&E and P-Card fraudsters using today’s user-friendly data mining and analytics software.

 

By attending Detecting and Preventing Travel & Entertainment and P-Card Fraud Using Data Mining, you will get expert guidance on:

  • Costliest forms of T&E and P-Card fraud
  • Who commits T&E fraud
  • Gathering accurate data for effective T&E fraud data analysis
  • Powerful and user-friendly audit automation tests and techniques for detecting red flags of T&E and P-Card schemes
  • Using data analytics results to improve T&E and P-Card fraud preventative controls

Date: Wed., September 15, 2010

Time: 11:00AM- 1:00 PM (Eastern, GMT -0500)

CPE: 2.0 Credits

Level: Intermediate

Cost: $150

 

Special Expert Panelist: Angela Clancy, CA, Manager, RGL Forensics. Angela has over six years of international experience in investigative accounting which includes her current responsibilities as a Manager in the prominent forensic accounting and consulting firm, RGL Forensics.

 

This Webinar took place on September 15, 2010. If you want to purchase the recording and receive the handout material click here.

 

To sign up for our new 5-Webinar Series, “Detecting and Preventing Fraud Using Data Mining Techniques”, click: http://www.auditnet.org/fastpackdm.htm now!

 

FREE BONUSES for all attendees of  Detecting and Preventing Travel & Entertainment and P-Card Fraud Using Data Mining 

  • AuditNet's Exclusive T&E and P-Card Fraud Worksheet ($75 value)

  • Special Report: Introduction to Fraudulent Financial Reporting by Peter Goldmann, MSc., CFE ($40 value)

ADDED BONUSES: All attendees registering for all 5 Webinars in the Series* will receive:

  • Complimentary One-Year AuditNet Subscription ($125 value

  • Complimentary One-Year Subscription to White-Collar Crime Fighter newsletter ($250 value).

* Attendees registering now for all LIVE events will receive unlimited access to the recording and presentation slides for ALL previously held Webinars in the Series (for details, visit http://www.auditnet.org/fastpackdm.htm)

 

To sign up for these events click on the above links or call

AuditNet 703-255-3388 or

1-800-385-1625 (US Only)

 

 

Feedback from Attendees at Previous AuditNet-FraudAware Webinars:

 

Our staff members enjoyed the webinar on accounts payable fraud. A great panel of speakers and lots of very useful information, Alan Ash, Director, Auditor General's Office, Toronto, Canada

 

Excellent webinar today, I got a lot out of it, Gail B. Benson, CISA, CIA, CSSA, Anti-Fraud Consultant, Guilford, CT

 

Thank you for putting on today's webinar. I look forward to others organized by you. Robert Medwid, CPA, CIA, Internal Audit, Legal and General America Inc, Rockville, MD


Downloadable recordings and slides for past Webinars available at discounted rates at AuditNet