Payroll and Payroll Fraud: Defending Your Business Against Rising Threats

Learn How to Detect and Combat Payroll Fraud Before It Costs You

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.

Webinar Highlights

• Payroll Fraud Statistics: Analyzing the scale of payroll fraud and its impact on companies
• Types of Payroll Fraud: Understanding how fraud occurs, including common internal and external factors
• Strategies for Preventing Payroll Fraud: Effective methods for fraud prevention through strong internal controls
• Implementing Internal Controls: Key measures for safeguarding payroll systems and reducing fraud risk
• Essential Tools and Practices: Utilizing process maps, business continuity plans, and process documentation to prevent fraud
• Auditing for Fraud Detection: How regular audits and SOX 404 compliance help detect payroll fraud
• Promoting Ethical Business Practices: Encouraging a culture of integrity to mitigate fraud risks
• Current Fraud Trends: Insights into recent fraudulent activities impacting businesses
• Key Statistics on Payroll Fraud Occurrence: Data on how often payroll fraud takes place and its financial implications
• Legal Framework for Fraud Detection: Understanding the laws and tools available for promptly detecting and preventing payroll fraud

Who Should Attend

• Payroll and Tax Professionals