Travel Expense and Payroll Fraud Case Study - Marks Paneth
Travel expense and payroll fraud have become hot topics within both for profit and non-profit organizations. Weaknesses in internal controls and greed both contribute to the ongoing problem of assets and profits being slowly siphoned from unwary organizations. This case study illustrates what can happen, what can be done and what value can be added during and following the forensic engagement. The first scheme was detected The documentation in the case comprised an airline travel itinerary for an international destination, but did not include invoices for hotel accommodations and receipts for transportation and other incidental expenses because the trip had not yet taken place.