Payroll Fraud

Author: Robert K Minniti

This course is designed to review the issue of payroll frauds. Examples of actual frauds will be provided so participants can understand how the frauds are being committed and how they were uncovered. Information will be provided about payroll frauds committed by employees as well as payroll frauds committed by management and company owners. We will review various methodologies for detecting payroll fraud and will discuss developing internal controls to help prevent and detect payroll fraud.

Publication Date: November 2021

Designed For
CPAs, CFEs, CFFs, MAFFs, CGMAs, CMAs, CIAs, CFOs, CEOs, business owners, business managers, internal auditors, external auditors, corporate accountants, government accountants and risk management personnel.

Topics Covered

• Occupational Fraud
• Payroll Fraud
• Payroll Fraud in the News
• Payroll Fraud Schemes
• Detecting Payroll Fraud
• Benford's Law
• Internal Controls for Payroll Fraud

Learning Objectives

• Identify ways to prevent payroll frauds
• Identify common payroll fraud schemes
• Recognize which type of payroll fraud uses fictitious employees
• Describe which payroll fraud never involves insurance
• Recognize types of management payroll fraud
• Identify control activities for helping to prevent or detect fraud
• Identify monitoring controls for payroll
• Differentiate which COSO component is often referred to as the "Tone at the Top"
• Describe what Electronic data analysis can be used for

Level
Basic

Instructional Method
Self-Study

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

Program Prerequisites
None

Advance Preparation
None