A Multinational Company Travel Expense Reimbursement Audit Process Reengineering Study

Currently, most multinational companies'expense reimbursement audit process includes employees submit online expense reports, local business supervisor/project lead approve the expense, accounting team download the data and conduct expense audit, then report the final compliance reimbursement figure to local accounting manager, then local company's accounting team reports to global accounting team for final reporting integration and consolidation. The Internet technologies in 21st century accelerate the company's operation management and process reengineering.Basing on A multinational company's actual expense reimbursement audit process, this thesis explains the process reengineering theory, techniques application and implementation methods. In order to achieve the successful and a complete expense reimbursement audit process reengineering, A multinational company considers from area including business process, organization structure, management policies, internal control and technology applications. The reengineering adopts advanced software and internet technologies, centralize and standardize accounting regulations and policies, adopts the accounting shared service center structure model, and comprehensive internal audit system, to achieve the company's overall compliance management to employee travel expense reimbursement control, reduce reimbursement audit process operation cost, improve the process efficiency.Through process situation analysis after reengineering, the thesis proves process reengineering plays a very important role to improve internal management efficiency, reduce operation cost and improve internal control, aiding the global overall development strategy implementation.