Using Payroll Audits to Detect Errors and Fraud

Learn how to effectively perform the appropriate measures to detect, deter, and prevent payroll fraud.

As payroll professionals, you are required to ensure and comply with various agencies as well as maintain and validate payroll data. Conducting audits at least once or twice a year will ensure data integrity and enable you to review, detect, and correct any control weaknesses.

Not every company has inventory, cash on hand, or international corruption risks. Every legitimate company has people and with that, comes payroll, and payroll fraud risk. It is imperative that all organizations assess this risk, and perform the appropriate measures to detect, deter and prevent payroll

Join us for this informative webinar to equip yourself with the knowledge and tools needed to safeguard your organization's payroll integrity and ensure accurate financial reporting.

In today's business landscape, accurate payroll processing is crucial not only for employee satisfaction but also for maintaining legal compliance and financial integrity. Payroll errors and fraud can lead to significant financial losses, legal liabilities, and damage to your organization's reputation. 

This webinar, "Using Payroll Audits to Detect Errors and Fraud," is designed to provide you with valuable insights into the importance of conducting payroll audits as a proactive measure to identify and prevent errors and fraudulent activities.

• Gain a comprehensive understanding of payroll audits and their significance in error and fraud detection.
• Learn about common payroll errors and the potential consequences they can have on your organization.
• Discover key red flags and techniques used by fraudsters to manipulate payroll processes.
• Acquire practical strategies to conduct effective payroll audits and strengthen your internal controls.
• Benefit from real-life case studies that highlight the importance of vigilance in payroll processing.

• Why It's Important to Perform a Payroll Audit
• How Often to Perform a Payroll Audit
• Various Techniques of Conducting a Self-Audit
• The Purpose of Defining a Test Sample
• How to Assemble and Organize Payroll Audit Information
• Key Items to Consider During an Audit
• Internal and External Compliance Testing
• Risk Migration

• Understanding Payroll Audits
  ‣ Types of payroll audits: compliance, internal control, fraud detection
  ‣ Benefits and objectives of conducting payroll audits
  ‣ Importance of proactive measures to prevent errors and fraud
• Identifying Potential Errors in Payroll
  ‣ Common payroll errors and their impact
  ‣ Real-life examples of payroll errors and their consequences
  ‣ Financial and legal implications of payroll discrepancies
• Detecting and Preventing Payroll Fraud
  ‣ Types of payroll fraud and red flags
  ‣ Techniques used by fraudsters to manipulate payroll processes
  ‣ Strategies for preventing and mitigating payroll fraud
• Conducting Effective Payroll Audits
  ‣ Steps to plan and execute comprehensive payroll audits
  ‣ Role of technology in enhancing audit efficiency and accuracy
  ‣ Involving stakeholders and maintaining confidentiality during audits
• Case Studies and Practical Examples
  ‣ Real-world cases showcasing the impact of payroll audits on error and fraud detection
  ‣ Lessons learned and best practices from actual situations

• HR and Payroll Professionals
• Finance and Accounting Personnel
• Business Owners and Managers
• Auditors and Compliance Officers