Detecting & Preventing Payroll Fraud (Currently Unavailable)

Author: Robert K Minniti

Information will be provided about payroll frauds committed by employees as well as payroll frauds committed by management and company owners. Examples of actual frauds will be provided so participants can understand how the frauds are being committed and how they were uncovered.

We will review various methodologies for detecting payroll fraud and will discuss developing internal controls to help prevent and detect payroll fraud.

Publication Date: October 2015

Topics Covered

• Payroll frauds committed by employees
• Payroll frauds committed by management and company owners
• Examples of actual frauds
• How frauds are being committed and uncovered
• Methodologies for detecting payroll fraud
• Internal controls to help prevent and detect payroll fraud

Learning Objectives

• Review methodologies for detecting payroll fraud
• Design internal controls to detect and prevent payroll fraud
• Recognize the most frequently occurring types of occupational fraud
• Identify which type of occupational fraud cause the highest average losses according to ACFE
• Evaluate which type of organization had the highest median losses from fraud
• Determine the primary internal control weakness discovered by CFEs in fraud investigations
• Recognize which type of fraud had the longest duration before being detected
• Recognize the most common source of fraud tips
• Identify the parts of the fraud triangle
• Define the common rationalization for committing occupational fraud
• Recognize the types of payroll frauds used by fictitious employees
• Identify which payroll frauds never involve insurance
• Define types of management payroll fraud
• Recognize methods for detecting payroll fraud
• Identify which organization audits the I-9 forms
• Define parts of a company's control enviroment
• Identify control activity for helping to prevent or detect fraud
• Recognize monitoring control for payroll

Level
Intermediate

Instructional Method
Self-Study

NASBA Field of Study
Accounting (1 hour), Auditing (1 hour)

Program Prerequisites
A basic understanding of fraud and internal controls

Advance Preparation
None