In today’s ever-evolving work environment, accurate financial statements are essential to a company’s financial stability. However, during unprecedented times like a global pandemic, the risk of payroll fraud intensifies. As organizations adapt to remote work, phishing emails and other fraudulent activities targeting payroll departments have surged. Cybercriminals are increasingly impersonating organizational leaders, attempting to access sensitive data and initiate unauthorized direct deposit changes. The consequences? Both companies and employees stand to lose thousands of dollars annually, with fraud costs rising in the current climate.
Join payroll expert Dayna J. Reum, CPP, FPC in this insightful session to learn practical strategies to reduce or eliminate payroll fraud and ensure compliance with payroll-related laws. You will gain valuable knowledge on managing fraud risks, including understanding Sarbanes-Oxley 404 requirements for publicly traded companies, and how these regulations work to minimize fraud in payroll operations. This session will also delve into the latest fraud trends targeting payroll departments, equipping you with actionable steps to protect both your company and employees from potential fraud.
Key takeaways include how to keep sensitive information secure, especially in today’s challenging and rapidly changing landscape.