Expense Report Fraud Detection: The Altered Receipt PDF Your Controls Never Inspect
Originally published at htpbe.tech . The version on htpbe.tech stays in sync with the latest detection algorithm — refer to it for the canonical text. The Association of Certified Fraud Examiners puts expense reimbursement fraud at a median loss of $40,000 per scheme, with a median duration of two years before detection. That two-year gap is not an accident. It is the predictable result of a…
Expense reimbursement fraud, according to the Association of Certified Fraud Examiners, can result in a median loss of $40,000 per scheme, taking an average of two years to detect. This gap occurs due to controls that validate most aspects of an expense claim, except for the receipt PDF. The article focuses on employee-submitted expense receipts in a travel-and-entertainment (T&E) reimbursement workflow, which often slips through the financial checks.
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