The Nuts & Bolts of T&E Policies

Yes, yes, we all know that travel and entertainment expenses have long been a haven for fraud, bribes, and other spending abuses—but the T&E account has rarely been the starring culprit in a regulatory enforcement action.

Until now, that is.

Thus, when establishing policies around T&E expenses, it helps to draft a set of rules tailored to local law and a country’s standard of living.

That at least gives the compliance department a better chance of support from local employees who interact with foreign government officials.

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