What does EER stand for?

Organizations should carefully assess the type of documentation that is considered acceptable and sufficient as accompaniment to employee expense reports, especially in cases of employee travel.

These include SEC filings, employment and consulting agreements, Board of Directors and Compensation Committee minutes (including proposals, exhibits, attachments and resolutions), company payroll records, tax return work papers, employment tax returns, executives' Forms 1040, merger and acquisition agreements, plan documents, agreements, and arrangements, employee communication materials, stock option grant reports, life insurance policies, accounts payable records, employee expense reports, loan agreements and severance agreements.

Go through your normal purchasing channels, even with inexpensive software programs, rather than through employee expense reports, travel reports, or petty cash, which can make it difficult to track software purchases.

Some alternatives include paying certain small expenses with petty cash, through employee expense reports or with credit/purchasing cards, where such options are available and don't present a distortion of any AP or tax information.

Human resources records, accounts payable transactions, employee expense reports, and other internal or external data sources have to be analyzed in conjunction with p-card data in order to identify such incidents of fraud, misuse or policy violation," Taylor said.

Diablo Chapter * Frequent Flyer During a routine review of employee expense reports, the auditor became curious about the fine print in the center of an airline receipt.

Scott Swidersky, director, Information Systems Division, Quality Associates, said, "Federal agencies routinely process a large number of vendor invoices and employee expense reports that must be processed and reimbursed quickly.

Each branch submitted carbon copies of the checks and the original approved employee expense reports to the corporate office in order to reconcile the bank account and record the transactions.