Expense Fraud: Awareness, Detection, and Prevention

Expense Fraud: Awareness, Detection, and Prevention

Expense Fraud: Awareness, Detection, and Prevention is a course created to help you identify and mitigate fraudulent activities in expense reporting within your organization. By understanding the underlying reasons employees may submit deceptive claims, you'll learn to recognize red flags and implement practical measures to safeguard financial integrity.

To get started, you'll be introduced to the fundamental concepts of expense fraud. You'll become familiar with various types of fraudulent activities, such as phantom charges, double-dipping, and disguised expenses. The core of this session focuses on providing you with tools and techniques to spot fraudulent activities. You'll explore common tactics like the threshold game, weaponized incompetence, and strategic timing. With these insights, you'll be able to scrutinize expense claims and spot inconsistencies that may indicate fraud, especially in high-risk scenarios.

Moving into more complex areas, the course investigates real-world applications and advanced strategies for fraud prevention. You’ll learn to handle challenging situations, such as dealing with high-performing employees whose claims may raise suspicion. Implementing strategic workflows and controls will give you the confidence to make informed decisions and protect organizational finances.

By the end of this training, you will have a strong grasp of how to apply fraud prevention techniques in your organization. You’ll learn the skills to detect anomalies and implement automated checks to prevent fraudulent claims from slipping through the cracks. This course equips you with the knowledge and tools to maintain integrity and trust within your organization, fostering a culture of accountability.

In this course, you will learn how to:

• Identify phantom charges and fabricated expenses.
• Recognize manipulated or unclear receipt documentation.
• Understand common rationalizations for fraudulent claims.
• Apply exception reporting to uncover fraudulent activity.
• Implement hard-coded limits to prevent illegitimate expenses.
• Evaluate expense reporting workflow vulnerabilities.
• Use OCR technology to verify receipt authenticity.
• Respond with discreet investigations into suspected fraud.
• Prevent repeated deceptive requests using automated alerts.
• Understand the impact of personal expenses on net profit.
• Recognize subtle pressures leading to fraud rationalization.
• Apply fraud triangle concepts in organizational settings.

Course Format

• This is a video-led course. You can preview some videos below.
• This course includes instructor and exercise files.

Course Certificate Included

This course includes an optional online quiz that will generate a course certificate upon completion.

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Stream Skill is part of the Simon Sez IT family and has been in business 14+ years and taught over 1 million students in that time. We’ve created over 130 software training courses, 8,000+ video tutorials, and we’ve helped thousands of people across the world learn how to use Microsoft Office. We’ve now created Microsoft Excel courses for the last five versions and continue to help people get to grips with this essential tool.