Travel and Entertainment Best Practices
By Mary S. Schaeffer
‘Travel and entertainment are the second largest controllable expense for most organizations.” Mary Schaeffer, an accounting expert, provides an overview of the T&E function and how it evolved. The book then covers the process for booking travel. The Internal Revenue Service also has guidelines for travel and entertainment which the author covers based on the importance of following rules. Another important aspect involves receipts and the proper documentation. The author covers all the subjects as well as providing 13 best practices. Finally coverage would not be complete without discussing fraud in the T&E area. The appendix provides GSA per diem rate table for select cities although there are no dates associated with the table. Auditors that periodically review travel and entertainment may find the book a worthy addition to their professional library.
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