Training Course Syllabus:
Detecting & Deterring Payroll Fraud: Proven Practices and Procedures Webinar
Objectives of the Presentation
Payroll Fraud Statistic´s-How big of a problem is it?
How does payroll fraud occur?
Preventing Payroll Fraud
Tools (Process Maps, Business Continuity Plans, Process Documentation)
Sarbanes-Oxley 404 Requirements
Ethical Business Practices
Why Should you Attend
The misappropriation of cash and fraudulent financial reporting are ongoing concerns for many business managers and owners. Payroll fraud is one of the most common forms of employee theft and is often exceedingly difficult to detect. One of the challenges to stopping payroll fraud is keeping abreast of the different types of scams that exist. Often the internal controls that are necessary to help prevent and detect payroll frauds are missing or ineffective. This webinar will help you understand the legal rules around detecting and deferring payroll fraud. The speaker will review tools that companies can use to make sure that fraud can be deterred or detected immediately.
An understanding of what is fraud & key indicators to look out for
"Red flags" of typical payroll fraud schemes
Practical strategies to prevent/detect payroll fraud
Common risk factors companies face related to payroll fraud
Tools to reduce the chances of payroll fraud
Understanding laws that can affect payroll fraud and how to handle them
Review the Sarbanes Oxley 404 requirements for publically traded companies and how they are intended to reduce payroll fraud
And much more….
As an organization's largest operating expense, payroll is particularly vulnerable to fraud. The use of third parties, coupled with the increased reliance on technology to process payroll, can make it easier to perpetrate-and more difficult to detect-this type of fraud. Knowing what the possible indicators or ‘red flags' of payroll fraud are will help mitigate potential losses to an organization.
Who will Benefit
All HR personal, Payroll professionals, Business Owners, Business Managers, Internal / External Auditors, Corporate Accountants, Government Accountants, Not-for-profit Accountants, Risk Management Personnel, CPAs, forensic accountants, Lawyers.