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Expense reporting internal controls
September 10, 2024
Q. I am reaching out to check on the best practice for the retail industry when expenses are incurred by marketing folks who do a video shoot at a remote place and a corporate card cannot be used. What is the process you followed and what internal control is in place?
A.
(Answered by the IOFM Advisory Panel)
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I would suggest changing your policy to allow such charges. If this is something that is needed, exceptions should be able to be made. It’s only an advantage to your company to allow…
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