Expense-Report Fraud Appears to Be on the Rise
WSJ Your Money Briefing
The Wall Street Journal
4.1 • 1.7K Ratings
🗓️ 21 November 2024
⏱️ 9 minutes
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| 0:00.0 | exchanges, the Goldman Sachs podcast featuring exchanges on the forces driving the markets and the economy, |
| 0:07.8 | exchanges between the leading minds at Goldman Sachs. |
| 0:11.4 | New episodes every week. Listen now. |
| 0:17.3 | Here's your money briefing for Thursday, November 21st. |
| 0:20.7 | I'm J.R. Waylon for the Wall Street Journal. |
| 0:25.9 | On your expense report, you might include things like your cell phone bill, airfare for work |
| 0:30.9 | travel, or meals with clients. You're supposed to enter the amount accurately down to the penny. |
| 0:36.3 | But more people are trying to push unauthorized purchases past the accountants. |
| 0:41.1 | And in some cases, it's more than just fudging the numbers. |
| 0:44.4 | One employee disguised his mortgage lender as a legitimate business vendor and got away |
| 0:49.5 | for a time with paying the mortgage on the company credit card. |
| 0:53.2 | I got a story about somebody who bought |
| 0:54.9 | $2,500 worth of Christmas presents for his family on the company tab. I got a real kick out of |
| 1:00.8 | the attempt to purchase an RV on the company credit card. So what happens if you get caught? |
| 1:06.3 | We'll talk to Wall Street Journal on the clock columnist Callum Borshers after the break. |
| 1:19.1 | Thank you. Wall Street Journal on the clock columnist Callum Orsher's after the break. This podcast is brought to you by CME Group, the world's leading derivatives marketplace, |
| 1:24.9 | offering the widest range of global benchmark products across all major asset classes. |
| 1:29.9 | CME Group, where risk meets opportunity. |
| 1:39.9 | Expense report fraud appears to be on the rise. |
| 1:43.3 | Wall Street Journal- the clock columnist |
| 1:45.1 | Callum Borshers joins me. Calum, every company's policy is different. What sorts of things are |
| 1:50.4 | typically allowed to be included on expense reports? Typical categories would include business |
... |
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