CFE – Financial Transactions and Fraud Schemes — Question 89

To prevent expense reimbursement fraud, it is recommended that companies require receipts to be submitted electronically.

Answer options

• A. True
• B. False

Correct answer: A

Explanation

Requiring electronic submission of receipts helps to create a verifiable and traceable process, making it more difficult for fraudulent claims to occur. On the other hand, not having this requirement (option B) can lead to increased risk of expense reimbursement fraud due to lack of oversight.