President Donald Trump’s Travel Expenses Under Scrutiny
While President of the United States Donald Trump makes headlines around the world every day, there is one story that really caught our attention. According to reports, two Democratic lawmakers requested that Trump’s travel expense reports be released so that the costs of his travels can be reviewed. The politicians have criticized Trump’s spending on travel for what they deem to be “frivolous trips”, particularly to his own properties—costs that then get charged back to taxpayers.
This isn’t the first time that Trump’s expenses have drawn criticism. Earlier in the year the Stop Waste and Misuse by the President (SWAMP) bill was introduced, which would require the President to reimburse the government for any public money used to fund travel to his own properties.
The proposed bill states that “it is unacceptable for the president to maintain an interest in traveling to properties in which he has a direct financial interest, as the U.S. government is responsible for renting space to personnel in said private commercial entities.” These visits, it notes, “results in the American taxpayer effectively subsidizing the president’s businesses.” If the bill is passed, Trump and other senior officials under protection of the Secret Service repay costs arising from visits to their own properties.
Although most employees are not as highly visible or likely to own as many properties as Trump, this and other similar scenarios could affect an organization of any size and is just one of many issues your travel and entertainment (T&E) program has to watch out for. For example, employees may use the services or properties of friends or family rather than preferred vendors. There are other scenarios that must be monitored for, including:
- Employees submitting claims across T&E and P-Cards
- Claims being submitted for times when the employee was on holiday
- Employees who arrive earlier or stay additional nights when unnecessary
- Claims for alcohol when company policy prohibits consumption
- Airfare payments/claims with no corresponding hotel or meal charges
To learn how your company can leverage a continuous controls monitoring solution to detect and prevent misuse and abuse in its T&E or P-Card programs, read our comprehensive guide on avoiding fraud in your programs.
About Anu Sood
Anu Sood (LinkedIn | Twitter) is the Director Marketing at CaseWare RCM and is responsible for the company’s global marketing strategy. She has over 20 years of experience in product development, product management, product marketing, corporate communications, demand generation, content marketing and strategic marketing in high-tech industries.