{ "media_type": "text", "post_content": "Do companies really check reciepts/ credit card statements submitted? How are they verified?", "post_id": "5d080cb06fdc21001b0cb9f9", "reply_count": 16, "vote_count": 1, "bowl_id": "552d1d24dc1c586b09d2d051", "bowl_name": "Consulting" }

Do companies really check reciepts/ credit card statements submitted? How are they verified?

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Sure, because people abuse expense policies. Sometimes clients will even ask for detail if an individual or project team’s expenses are anomalously high. This is done with a combination of a dedicated expense compliance department, fraud analytics software, analytics to detect spend over limits, etc. Penalties can be getting approval from management, having to pay back out of policy spend, or even termination if egregious.

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Try contacting the studio with whatever details you have and see if they will email you a receipt. If they will, just keep it in case you ever need it.

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I've worked for federal government, Big4, private companies. They all had some kind of audit process for expenses. You might not get audited every time, but you will get audited at some point if you work long enough and travel often enough.

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I don't think the process is thorough enough to find a fake receipt. In most cases we had to scan receipts in, but maintain hard copies for a certain number of years afterwards in case we were audited. They look to see if the vendor is real/recognizable, if the date and amount match the charge statement and if the proper approvals are there. They also check against policy thresholds. That said, if you faked a receipt and got audited, they may request your hard copies and that's when you might get caught. Hence my response on the other thread.

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Yes there are audit processes because there are people who make mistakes and people who are unscrupulous

The fact that you are asking this question is worrying

I suggest reaching out and stating what happened. Transparency definitely beats secrecy / awkwardness in this case

Yes.

I knew a senior manager who “merged” his expensive drinking / shopping habits into his hotel receipts by “recreating” them with the drinking tab “baked in” for like 5 years, he was quietly terminated.

We have a separate company audit expenses as well as our own internal people

No worries OP, anyone who claims they haven’t committed some sort of expense “fraud” is lying, especially if they’ve been doing this awhile...

Was the expense allowed? If so it shouldn't raise any red flags and if it wasn't for an egregious amount you should be ok but as others have said always get receipts or be honest and say there was no receipt available and submit charge card item.

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