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What are common types of expense fraud

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You all just gave this person SO many ideas

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Submitting disallowed or personal expenses

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Yeah you heard the partner. Now gtfo

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Overstating mileage traveled to maximize reimbursement

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Submitting fake expenses that are under the “receipt required” threshold ($25 at my firm)

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EY is not a dry firm. Drinks are certainly reimbursed if it is for a team event. The only exception is if it is an Intern event. Then no alcohol

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Managers expensing alcohol for team events even though it’s against firm policy. Funny business at big 4 is heavy#EY

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Buying gift cards/reloading Starbucks with travel expense money

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Alcohol isnt expensable for team events??

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Thanks for the great ideas everyone. Christmas really does present special little miracles.

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People expensing personal dinners, personal trips as business trips, submitting daily commuting expenses for reimbursement. Those are just some.

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You all may joke about getting great ideas. I know you are joking, but...stepping onto my soapbox...Do keep in mind, at some point, you will get caught. People always do. I have seen the firm press criminal charges against people. Tragically we had a Sr Mgr commit suicide when caught. Smart people do stupid things sometimes. Expense fraud isn’t worth your life or your career. This profession is a lot smaller than you think; we are less than “seven degrees of separation” from knowing one another. As such, not just on this topic, but for your whole career, protect your reputation. It is really hard to repair once damaged

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EY1: Correct. It varies but at ey my managers didn’t do anything team related. It was just to drink Senior manager and manager spent a lot during 1 year. At Booz Allen you can’t charge alcohol expense wise.

Alcohol is definitely expendable SC1 unless you’re in some really sad LOS

senior associate 2: once the year was over the manager and senior manager got reprimanded by the executive director that was approving the expense reports after doing a detailed analysis of the expense. buying 1 or 2 drinks may not be bad, but when you spend money in excess on shots, box seats to basketball games etc it becomes not cost efficient when you have a budget for a contract. negatively impacting a bottom line isn’t good

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What happens if you don't do expense reports by eod today

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Gen Z be like, ab hame office ana hai to formal kapde kharidne, Deloitte reimburse karega kya? 😛

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2 weeks when I’m working from home and don’t have my first meal till 5 pm. I prefer to be on the road so I can just walk out for breakfast and lunch* *I don’t expense it

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