Exployee Expense Report Requirements... 3209



  • New member here.
    I’ve searched the forums and can’t find the answer I need, here’s the question:
    I’m an employee (non-management) at a company that has to comply with the Sarbanes-Oxley Act.
    When filing expense reports, we’re required by the company to file receipts for all expenses no matter how small the amount (except for cash tips, which are generally limited to USD3-5 by company policy).
    They say it’s a requirement to do this for S-O compliance.
    I know the IRS threshold for receipt requirement is USD75. I can’t find any info on S-O requirements for employee expense report receipts.
    Anyone know the answer?



  • There is no S-O requirement related to this. Each company can choose its own policy.



  • There is no S-O requirement related to this. Each company can choose its own policy.
    That’s what I thought.
    Thank you.


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