From the course: Building a Data-Driven Audit

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Fieldwork and expense reimbursements

Fieldwork and expense reimbursements

From the course: Building a Data-Driven Audit

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Fieldwork and expense reimbursements

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- Now that we've covered planning, let's move into field work. One of the most common audits that I used to perform as an auditor were travel and expense, or T&E, audits. You're probably familiar with this general process where some organizations reimburse their employees for the purchase of certain work-related items. These could include things like office supplies, a company phone, and in some instances, meals. Unfortunately, some employees take advantage of this perk by manipulating their expense reports to receive unwarranted reimbursements. Because of this risk, T&E audits are typically part of every audit plan, and the purpose of these audits is to confirm that expenses submitted for reimbursement are legit and your employees are following the company policies. You do this by testing the organization's internal controls around reimbursing your employee expenses to make sure they are working appropriately. You're also going to be able to detect any fraud that may have slipped…

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