Most finance chiefs would bristle at the notion of all-out T&E fraud by trusted employees. But these same CFOs have likely seen their fair share of padded expense reports.
Here are three common tricks employees use to get the most out of a business trip:
- Opting for plane, hotel or rental car upgrades because “they were the only options available.”
- Expensing various items (clothing, laptops, etc.) that were supposedly “damaged by the airline,” but in reality are just fine.
- Taking meal per diems even if complimentary food was provided by a vendor, conference, etc.
If any of these suspect activities start popping up regularly, it’s worthwhile for A/P to add the offending staffer to their audit list for T&E.
Know of any others? Let us know in the Comments Section.