This audit will be presented at the next Institutional Audit … h�b```c``rd`a`�x� Ȁ �@1V ��cuiu6�Y��P���hW�b�'j^7���q�F�����Ύ��:��}���o$���� �y�~ �{e���,��R�n�K,�:w��K�l�Q� GHpttpt4�n@�*b�s h�b```�f6af`C�! J�9yc�S�6�;�S�T�C��/iIͲ�ii|]n�U��Աr2�����w�WH���9�L�W�_�"��}Ƣ��ׁ���T���3��!Y/�얟1�^"c��[��`L߀�/F�B,��_K�� endstream endobj 774 0 obj <>stream Assertions Audit Objectives Class of Transactions and Relevant Accounts Internal Control Audit Procedure Audit Evidence Possible Misstatement 1 Occurrence Recorded all travel and entertainment expense in the income statement items To check whether all travel and entertainment expenses … %%EOF Our audit found that DOE did not fully comply with its SOPs or the applicable Comptroller’s Directives for travel and conference expenses. Reviewing is labor-intensive – When your review process is based on manually looking at expense … '�%&f��(g$�u��ZXg=�~��x[@:�. The audit was part of Valley Metro’s Internal Audit Annual Audit … Pinal County Travel Expense Review Internal Audit Report Page 3 of 10 Process Summary and Key Statistics Travelers are required to complete the Travel Expense Request Form1. 6 There were no travel reimbursement forms processed for travel … �?��"'/�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� 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. As that … 0 535, Business Expenses, for information on deducting travel, meals, and entertainment expenses. 2. endstream endobj 240 0 obj <> endobj 241 0 obj <>/ProcSet[/PDF/Text/ImageC]/XObject<>>>/Rotate 0/Type/Page>> endobj 242 0 obj <>stream The objective of the audit was to determine whether the travel and entertainment expenses … 265 0 obj <>stream endstream endobj startxref Information about Publication 463, Travel, Entertainment, Gift, and Car Expenses… travel expense and training travel costs represent over 50% of the Year 2016 employee expenses dollars reimbursed to employees, and 80% of the associated transactions. Transaction: Travel and Entertainment Expenses No. %PDF-1.5 %���� 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. This audit makes five recommendations for improvement: 1. x��X]o�H}G�?�G�*��[�*m!MSm�m���>P0�%0YU���ށ�3��<8τs�����ys�п �� ��O����\H�`��r u���� The Office of Auditing and Consulting Services has completed a limited-scope audit of Executive Travel and Entertainment Expenses. 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 The first component of the form includes estimated expenses prior to booking travel … Travel Entertainment Spend Analysis Best Practices. Expense auditing is a fundamental risk management task thats often critical to a companys profitability. The report can be used as a guide to identify situations where a traveling employee did not obtain a favorable rate. h�bbd```b``�5 �1,rD��I��*@��m:��]������yX=#Q��W~ �� 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. 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) … Engagement Number 2020-004 . 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. Attached is the final audit report regarding the FY20 Executive Travel & Entertainment Expenses audit. 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. Travel and entertainment (T&E) expense represents significant spend for most companies. Chapter 1 - Background. � endstream endobj startxref 0 %%EOF 786 0 obj <>stream Travel and Entertainment Expenses. Using IDEA, create a report that totals and averages expenses by type and year. Effortlessly intuitive travel & expense management, and accounts payable automation. x�� \SW���}/d��B 6Ep��&�(��ĭ�Z��[�ڎ[�V[[���vUk�K���u��vf��m�2��v�B�s�I�N�t�o�����y�{�=w;���^��p�Ƞ���bxQ��. 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 t��|�`�J��z�>_,�3�H����R�7̑ Travel and Entertainment Expenses. Since fiscal year 2007, Regents’ Rules and Regulations 20205 “Expenditures for Travel and Entertainment by Chief Administrators and for the Maintenance of University Residences” required annual audits … for each of the past three years. 9 Other related 5 Note, some departments did not have employees requesting travel reimbursement during the pay periods 13 and 14. 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. In order to help organizations to adapt policy compliance rates and quick … 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 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 This audit technique guide is designed to provide assistance in auditing individuals in various aspects of the entertainment … 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. The objective of the audit was to determine whether the travel and entertainment expenses … The purpose of this report is to communicate the results of the Travel and Entertainment Expense Internal Audit. 5� Purchasing, A/P, Travel and Entertainment Audit Work Program The purpose of this work program is to provide the general steps used to perform an audit of purchasing, A/P, travel and entertainment, … �s6 ���;Qyd���4^��3;7�19G(�Ę,���@_�`�1~YR|���~/Ʃ�����[�7��R����k+^ZS� Our testing revealed instances where mileage related expense … While this guide covers a variety of situations and issues, it is not all-inclusive. travel and business entertainment expenses. Companies spend more on travel & entertainment following traditional & manual practices for auditing expense reports. Compare actual to budget and general ledger and then export a table for inclusion in the background information of the audit report … As per research from The Aberdeen Group, the average cost to process a single expense report … Empower employees with a suite of cutting-edge, fully-integrated spend management software solutions. Favorite areas that auditors like to explore are meals, travel, and entertainment expense because most people don’t know the rules for these deductions and there is widespread abuse in … … Executive Travel and Entertainment Expense Audit Report Dated September 18, 2013. T&E is probably your company’s second-largest discretionary expense, representing on average as much as 6% of all corporate expenses. Partnerships, corporations, trusts, and employers who reimburse their employees for business expenses should refer to the instructions for their required tax forms and chapter 11 of Pub. The report includes the following sections: Objective, Scope and Methodology, Background, and Audit … �� ,��i y�Q������DLjck�� �X,�v�4l]�ab�t���77Z�nw�hi�@/���n b0 �M\� Overview. @zIR�6�$�����4I ���+6�a�u��Jv�k����|�e]�����d�D-j��E^u`5g���y��֠ѰI����uںΓ�@�bVf�P�Y]u�q�{h��i0X�����l���xr=�~�de���q].��?�s����ŨZ�9pv��Rd����|�@A���^Sl��a?��)���QR���Oj��4�o�q�4�k��� -=䠜�}�j���.^ې�F�Qf���5��3�id�+�����Rs�l��E��\�N`�ä�i}��&O6�b$O���C��VbZ-�eQ�ؼ�FU[ֳ�i��:k��?�=�j�-�U�,{F{y�B���F���}"��_IY�T�-���¨.��p��0���-+��Pb�p��'Y:s�sC���%MO�V#�U�!O>��6��2��a ]Ka��Z�'ɂ�SgO� �IᏒn���q-�Y$�/���'}-m/ [E�z�i�('�!ʒ��4��������0�����P�/~0 ���� endstream endobj 773 0 obj <>stream %PDF-1.6 %���� Expense Report Audit, Auditing Travel Expenses - SAP Concur The audit was part of Valley Metro’s Internal Audit annual audit plan for fiscal year 2017. Revise the travel expense … the processes and controls over travel expense reimbursement, travel advances, and advance repayments. Background Information. Interim Vice President, Audit Services . 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 … DATE: September 16, 2020 . entertainment industry by providing some background on the industry and the applicable tax law. Standardization leads to reduced exceptions and hence overall reduced cost to process an expense report. SUBJECT: FY20 Executive Travel and Entertainment Expenses Audit . 239 0 obj <> endobj Benchmarks estimate that total T&E expenses are as high as 12% of a company’s annual … H��Tˎ1��W�:;��Hi�+���9, �B˅ߧ��;��fҏ��.���,Bb�82�T�͡>>=/9�X�//����6���PN����f��qEŢ�Q��n���Y.�@���:Y/x��|��� During the audit, we identified opportunities for improvement and … We conducted our audit in accordance with The Institute of Internal Auditors' International Standards for … Of the 136 sampled payments, 104 totaling $986,598 (93 percent of … hޤ�mk�0���}A/�W(�$M���ki���$��;����$k��nÈ������9Y뀃�P�u�#! The detailed report is attached for your review. h�bbd``b`Q@�Q��,�@�#H�� �@B�1�֡$D�X�@"�#C=�F҈��_� ^ For Travel … Travel and Entertainment Expense Internal audit ' International Standards for … Travel and Entertainment Expense report! Of the audit was to determine whether the Travel and Entertainment expenses.. 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