Expense Claim Fraud

Expense claim fraud occurs when employees falsify or inflate business expense claims. Examples include submitting fake receipts, exaggerating travel expenses, or claiming reimbursement for non-work-related costs.

Investigation Approach:

Expense Verification: Cross-referencing submitted claims with original receipts, company policies, and actual business activities.
Pattern Analysis: Using data analytics to identify trends such as duplicate claims or unusually high expenses from specific employees.
Policy Compliance Check: Reviewing current expense claim policies to ensure clarity and identify loopholes.
Training and Awareness: Educating employees on proper expense submission practices and the consequences of fraud.
Reporting Mechanisms: Establishing secure channels for employees to report suspected expense fraud anonymously.