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
Internal Controls
Tools (Process Maps, Business Continuity Plans, Process Documentation)
Audits
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.

Areas Covered

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….

Topic Background

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.

Seminar Summary:

Making sure the companies have accurate financial statements to reduce unnecessary fraudulent transactions that cost companies thousands of dollars each year. Understand how payroll frauds occur and how to design and implement internal controls/tools to help prevent and detect payroll fraud. (see full course description)

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