We conducted our audit in accordance with The Institute of Internal Auditors' International Standards for … Audit of Employee Travel Expenses (2013), and An Audit of Retirement Services Travel Expenses (2008). �n�ݰ۹y/@�9 �i�#��[� 8.�0\๻'�~&��*ۭ/ ���c�s����ہۇ>�'������s�T.d #0*cB�U�e��`X���T%0�&�N��gJ��,U�lB��W���*�EQ�cb+k�2!���\T��4�Y��:���_�URj&�BL��9�-u�f��TR�6YG�u��م�5*GE�i3L��gMß�r1a�bZ��"�Sq��U+��,"�ΘV����ׂ��̵&`Z☀�8�4l�b7�%9��e���A=;���"�6G�+�rP���]��@*�h�����F2��{�fR�؃�"5���/�əv!�s��-m� ��Q�L8��JJ5�ӌ��ߣ���W#z1O{2�m\�Sd��,7!2g�_{=�'�^Z�{W�מ|mX&��W�|LG~~�����+������9&��ePR����b�˯T�Sk\�d�f�����P�� �#o��=�H�0�x,S9JB��:嵶�R��f4�'��&�dB��LO|3r�(��W���_�/_ލ*��1^r �?��"'/�E�˟���޸��ь�BI��8�y�î}����w�ױ������T�soJ߂l;�o��B)V��@�����y�t�e�hf^[�������腽�������;�X�����c�d����bLս��K���r֗WHᓾ�e�1�þmyo� Expense Report Audit, Auditing Travel Expenses - SAP Concur h�b```�f6af`C�! The first component of the form includes estimated expenses prior to booking travel … Our audit found that DOE did not fully comply with its SOPs or the applicable Comptroller’s Directives for travel and conference expenses. Because expenses reduce revenue, basic audit procedures help preserve the bottom line, particularly when processing expense reports, which is a common task for bookkeepers and accountants. 253 0 obj <>/Filter/FlateDecode/ID[<6DCE6B5939D0D4478F75422ACECF5A8A><2B4B5BA94D6CB94C95407EFB398B15C3>]/Index[239 27]/Info 238 0 R/Length 77/Prev 391314/Root 240 0 R/Size 266/Type/XRef/W[1 2 1]>>stream t��|�`�J��z�>_,�3�H����R�7̑ travel and business entertainment expenses. Travel and Expense Reporting Audit Work Program This tool contains two sample work programs that provide general steps organizations can use for performing a travel and expense (T&E) … The audit scope was limited to travel and entertainment expenses reimbursed to, or paid on behalf of, selected executive officers and key management personnel of The University of Texas at El Paso (UTEP) during the period September 1, 2014 through August 31, 2015. Companies spend more on travel & entertainment following traditional & manual practices for auditing expense reports. 265 0 obj <>stream DATE: September 16, 2020 . The objective of the audit was to determine whether the travel and entertainment expenses … Chapter 1 - Background. h�bbd```b``�5 �1,rD��I��*@��m:��]������yX=#Q��W~ �� Travel Expense Audit Report 2 To Scott Smith, Chief Executive Officer: The purpose of this report is to communicate the results of the Travel and Entertainment Expenses Internal Audit. 5� � endstream endobj startxref 0 %%EOF 786 0 obj <>stream The expense and receipt audit service with your Concur Expense solution can help you to increase cost savings and compliance through our team of global auditors. %PDF-1.6 %���� This audit will be presented at the next Institutional Audit … 769 0 obj <> endobj 777 0 obj <>/Filter/FlateDecode/ID[<4606643C8A9B184E9D0CAC2205645BBD>]/Index[769 18]/Info 768 0 R/Length 67/Prev 794977/Root 770 0 R/Size 787/Type/XRef/W[1 3 1]>>stream endstream endobj startxref The objective of the audit was to determine whether the travel and entertainment expenses … The report includes the following sections: Objective, Scope and Methodology, Background, and Audit … w�����7�c:�0�@�/�9�3�f=P��0��X����x�Y�b��L��ΞĊ�>���>��][�M�,�b#��=�X�a��`�h`����E4;ؖ�i6 � 0���� ���m��]X9xz���jE!���_iiv�"x`0�(��� C�P� endstream endobj 770 0 obj <>/Metadata 46 0 R/Pages 767 0 R/StructTreeRoot 80 0 R/Type/Catalog>> endobj 771 0 obj <>/MediaBox[0 0 612 792]/Parent 767 0 R/Resources<>/Font<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI]/XObject<>>>/Rotate 0/StructParents 0/Tabs/S/Type/Page>> endobj 772 0 obj <>stream Our testing revealed instances where mileage related expense … Publication 463 explains what expenses are deductible, how to report them on your return, what records you need to prove your expenses, and how to treat any expense reimbursements you may receive. As that … Empower employees with a suite of cutting-edge, fully-integrated spend management software solutions. For a firm with a large sales force, for example, close monitoring of claimed expenses against company rules and standards ensures that funds arent lost to inappropriate spending. 0 9 Other related 5 Note, some departments did not have employees requesting travel reimbursement during the pay periods 13 and 14. Compare actual to budget and general ledger and then export a table for inclusion in the background information of the audit report … T&E is probably your company’s second-largest discretionary expense, representing on average as much as 6% of all corporate expenses. During the audit, we identified opportunities for improvement and … the processes and controls over travel expense reimbursement, travel advances, and advance repayments. The Office of Auditing and Consulting Services has completed a limited-scope audit of Executive Travel and Entertainment Expenses. Transaction: Travel and Entertainment Expenses No. Audit Report # 19-200 Executive Travel and Entertainment AUDIT OBJECTIVES The objectives of this audit were to: • evaluate and test compliance with UTEP and UT System policies and procedures for T&E expenses … As per research from The Aberdeen Group, the average cost to process a single expense report … Assertions Audit Objectives Class of Transactions and Relevant Accounts Internal Control Audit Procedure Audit Evidence Possible Misstatement 1 Occurrence Recorded all travel and entertainment expense in the income statement items To check whether all travel and entertainment expenses … This audit technique guide is designed to provide assistance in auditing individuals in various aspects of the entertainment … hޤ�mk�0���}A/�W(�$M���ki���$��;����$k��nÈ������9Y뀃�P�u�#! The audit scope was limited to travel and entertainment expenses reimbursed to, or paid on behalf of, selected executive officers and key management personnel of The University of Texas at El Paso (UTEP) during the period September l, 2012 through August 31, 2014. entertainment industry by providing some background on the industry and the applicable tax law. Attached is the final audit report regarding the FY20 Executive Travel & Entertainment Expenses audit. x��X]o�H}G�?�G�*��[�*m!MSm�m���>P0�%0YU���ށ�3��<8τs�����ys�п �� ��O����\H�`��r u���� Benchmarks estimate that total T&E expenses are as high as 12% of a company’s annual … Revise the travel expense … The audit was part of Valley Metro’s Internal Audit annual audit plan for fiscal year 2017. 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