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.