Common T&E Practices That Could Get Your Firm Into Trouble
May 2005
Main article
T&E is one of those no-win areas for accounts payable. If you do it right, no one says a word (and a few people might even complain), but if you do it wrong, then a whole mess of trouble could land in your lap. Before we get started identifying the tactics that are likely to cause problems, let’s get one thing straight: The reason most of these practices exist is not that accounts payable is stupid or lax or doesn’t know any better; it’s that their attempts to change these shoddy practices are rebuffed. Hint to accounts payable: Don’t forget to wield the Sarbanes-Oxley stick if that will work in your organization. Here are some T&E practices that should be avoided.
2009
