The fact that workers with expense accounts still feel they’re getting paid so little that they deserve to commit fraud says something about that stratum of employee.
Businesses are increasingly being deceived by employees using artificial intelligence for an age-old scam: faking expense receipts.
The launch of new image-generation models by top AI groups such as OpenAI and Google in recent months has sparked an influx of AI-generated receipts submitted internally within companies, according to leading expense software platforms.
Software provider AppZen said fake AI receipts accounted for about 14 percent of fraudulent documents submitted in September, compared with none last year. Fintech group Ramp said its new software flagged more than $1 million in fraudulent invoices within 90 days.
About 30 percent of US and UK financial professionals surveyed by expense management platform Medius reported they had seen a rise in falsified receipts following the launch of OpenAI’s GPT-4o last year.
Yes fapiao culture!
The bar i used to drink at in SW china would write fake receipts for business travellers. The one time i was there for it a dutch guy came in, bought an expensive bottle of maotai for everyone to share, then the owners wrote him a receipt for twice that much. The patrons got drunk, the bar got paid and the guy got to steal from his company.
Just your classic win/win/win.
And accounting, having no idea what the going price of maotai is and what the markup might be in a service setting, just goes “yeah, that seems reasonable.” The perfect crime.