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Corporate Expense Accounts Review and Audit Best Practices

4.2 (36)

Michel Morley

Mike Morley

  • CPA (Canada)
  • CIA
  • CMA
  • CPA (US)

Published: February, 2021

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Before starting this self study program, please go through the instructional document.

The topic is also scheduled as live webinar on the following dates

Aug 04, 2021 | 10:00 AM EDT Register

Overview

  • Why the focus on expenses?
    4 mins
  • But.. managing indirect expenses is usually not a strength...
    21 mins
  • Mandating spending policies
    45 mins
  • Web-based technology
    68 mins
  • Centralized expenses management
    81 mins

Course Description

In today’s busy corporate environment, the staff has to move in many directions at the same time, incurring expenses that require reimbursement. Organizations need to ensure that its expense reimbursement policy is followed through proper monitoring and oversight without overburdening the accounting staff and still encouraging compliance by making the following expense policy as easy and painless as possible. This webinar provides you an opportunity to learn some secrets from someone who has been at both ends and will help you with the required special perspective.

Major Topics Covered:

  • Simplifying the management of your corporate credit card program
  • Developing online management reporting systems for reviews
  • Deciding when employees are to be notified of pending expenses reimbursements
  • Centralizing your expense account review function while maintaining flexibility
  • Establishing and maintaining effective Internal controls for fraud detection
  • Looking at strategies that encourage timeliness
  • Evaluating the pros and cons of random audits

One of the trickiest areas to work in - is the review of corporate expense accounts. If you are or have been involved in tracking or approving corporate expense accounts, you are already aware how sensitive people can be about expense accounts. If you believe you could use some helpful hints to navigate the minefield, this webinar is for you.

Learning Objectives

  • To strategize for avoiding the month-end review crunch
  • To handle written/manual expense reports
  • To review the merits of expense reimbursement through payroll
  • To explore why and how to institute internal expense audits
  • To identify expense data collection and analysis best practices

Who Should Attend?

  • Accountant
  • Accounting Firm
  • Accounting Managers
  • Bookkeepers & Accountants & Tax Preparers
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Senior Accountant
  • Staff of Accounting Firm
  • Young CPA

Testimonial

4.2

(36)
39%
44%
14%
3%
0%

JK

Instructor presented in a monotone and at a constant pace, almost putting me to sleep.