Auditing Expense Reimbursements

Learning Objectives

• To identify basic audit techniques
• To identify red flags for expense reimbursement fraud

Course Description

Expense Reimbursement Audits are done by evaluating the paid expenses by how closely they align with the internal policy guidelines. Expense Reimbursement Audits can also include a reasonableness check, which determines if expenses are out of the ordinary. Expense audits typically require requests for and reviews of Documentation. Invoices. 

Are you an auditor or accountant planning on performing an audit or review of expense reimbursements? Whether you are a new auditor or just need a refresher on this topic this course is for you. We will review steps for planning an expense reimbursement audit, testing internal controls over expense reimbursements, conducting analytical procedures, and performing substantive testing.

Key topics: 

• The techniques and documentation need that auditors and accountants need to know.
• Practical advice to the participants on conducting an audit of expense reimbursements.

This course is appropriate for CPAs, internal auditors, CIAs, external auditors, and CMAs. CFEs, CGMAs, CFFs, CIAs, MAFFs, managers, staff accountants, CFOs, business managers, board members, and others who could be involved in reviewing or auditing expense reimbursements.

Overview

• Generally Accepted Auditing Standards

  8 mins
• Financial Statement Assertions

  15 mins
• Audit Planning

  27 mins
• The Fraud Triangle

  39 mins
• What to get from the internal Auditors

  52 mins
• Hypothesis Testing

  67 mins
• Analytical Procedures for Accounts Payable

  83 mins