What Is the Role of Internal Audit in Fraud Risk Management?
An SAP Concur article explores the role of internal audit in fraud risk management, especially in travel and expense. A survey shows 65% of business travelers admitted to questionable expenses. The article lists common fraud types, such as mischaracterized, falsified, inflated, and multiple claims, and recommends automated solutions, clear policies, and regular audits to prevent fraud.
Impact and considerations
Internal audit and automated tools can effectively identify and prevent travel and expense fraud, protecting corporate finances.
Key points
- 65% of business travelers admitted to questionable expenses.
- Common fraud types include mischaracterized, falsified, inflated, and multiple claims.
- Automated solutions, clear policies, and regular audits are key to preventing fraud.
Sources and time
- Primary source
- SAP Concur
- Other sources
- 0
- First source publication
- 16 Dec 2024, 17:57
- Page published
- 14 Aug 2026, 08:11
- Last updated
- 16 Dec 2024, 17:57
- Original links
- SAP Concur Blog：What Is the Role of Internal Audit in Fraud Risk Management? (opens in a new tab)Primary source · en · Published 16 Dec 2024, 17:57