- DEFINITION AND STATISTICS – we will summarize what payroll fraud is, and present eye-opening statistics as to the danger it presents. This includes recent cases where payroll fraud was discovered and prosecuted.
- 5 CATEGORIES OF PAYROLL RELATED FRAUD – General processes that are vulnerable to employee and employer exploitation.
- SPECIFIC SCHEMES – HOW TO PREVENT/DETECT – Specific schemes perpetrated time and time again. These summarize decades of fraud prevention reviews and audits. These are presented as a roadmap for your business to analyze fraud being perpetrated by your employees or owners.
- RECONCILIATION BASICS -An oft overlook benefit of regular reconciliation is that it can detect fraud early. We will discuss the basics of payroll reconciliation.
- GENERAL INTERNAL CONTROLS OVER PAYROLL – The “meat and potatoes” of fraud prevention lie in internal controls. Your speaker will share his vast experience in evaluating internal controls over payroll operations and systems. You don’t need an internal audit dept to follow the guidelines outlined in this section. Just examine what you do and how you do it – it will tell you a lot.
- PAYROLL FRAUD INTERNAL CONTROLS – These are internal controls specifically designed to catch and prevent fraudulent activity.
- IT RELATED CONTROLS – These are internal controls over payroll IT systems, from professionals in the field.
So attend this highly informative and important webinar. A thorough review of your operations and systems for fraud will solve the following problems:
- Exposing current employees who may be perpetrating fraud against you
- Identifying weaknesses in your systems and operations that should be fixed sooner rather than later
- Providing a blueprint to tighten your systems and processes to close vulnerability windows
- Professional growth – knowledge about detecting and preventing fraud is valuable to any employer, anywhere
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