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Detecting & Deterring Payroll Fraud : Proven Practices and Procedures - Webinar

  • ID: 4285971
  • Webinar
  • 60 Minutes
  • Online Compliance Panel
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Making sure the companies have accurate financial statements to reduce unnecessary fraudulent transactions that cost companies thousands of dollars each year. Understand how payroll frauds occur and how to design and implement internal controls/tools to help prevent and detect payroll fraud.

Objectives of the Presentation:

- Payroll Fraud Statistic's-How big of a problem is it?
- How does payroll fraud occur?
- Preventing Payroll Fraud
- Internal Controls
- Tools (Process Maps, Business Continuity Plans, Process Documentation)
- Audits
- Sarbanes-Oxley 404 Requirements
- Ethical Business Practices

Why Should you Attend?

The misappropriation of cash and fraudulent financial reporting are ongoing concerns for many business managers and owners. Payroll fraud is one of the most common forms of employee theft and is often exceedingly difficult to detect. One of the challenges to stopping payroll fraud is keeping abreast of the different types of scams that exist. Often the internal controls that are necessary to help prevent and detect payroll frauds are missing or ineffective. This webinar will help you understand the legal rules around detecting and deferring payroll fraud. The speaker will review tools that companies can use to make sure that fraud can be deterred or detected immediately.

Areas Covered:

- An understanding of what is fraud & key indicators to look out for
- 'Red flags' of typical payroll fraud schemes
- Practical strategies to prevent/detect payroll fraud
- Common risk factors companies face related to payroll fraud
- Tools to reduce the chances of payroll fraud
- Understanding laws that can affect payroll fraud and how to handle them
- Review the Sarbanes Oxley 404 requirements for publically traded companies and how they are intended to reduce payroll fraud
- And much more….

Topic Background

As an organization's largest operating expense, payroll is particularly vulnerable to fraud. The use of third parties, coupled with the increased reliance on technology to process payroll, can make it easier to perpetrate-and more difficult to detect-this type of fraud. Knowing what the possible indicators or ‘red flags' of payroll fraud are will help mitigate potential losses to an organization.
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  • Dayna Reum Dayna Reum ,
    Payroll Tax Manager ,
    PetSmart Inc.


    Dayna is currently the Payroll Tax & Garnishment Manager at PetSmart Inc. Dayna has been heavily involved in the payroll field over 17 years. Starting as a payroll clerk at a small Tucson company, Dayna moved on to be a Payroll Team Leader at Honeywell Inc. During Dayna’s time at Honeywell she obtained her FPC (Fundamental Payroll Certification) through the American Payroll Association. She also received several merit awards for Customer Service and Acquisitions and Divestitures. Dayna is no stranger to teaching she has taught at the Metro Phoenix American Payroll Association meetings and at the Arizona State Payroll Conference. Topics including Payroll Basics, Global/Cultural Awareness, Immigration Basics for the Payroll Professional, Multi-State and Local Taxation and Quality Control for Payroll, International and Canadian payroll. Dayna has her CPP (Certified Payroll Professional) through the APA. She also serves on the National American Payroll Association on the National Strategic Leadership Task Force, Government Affairs Task Force (PA Local tax subcommittee). Dayna has received a Citation of Merit for her service along with being a Gold Pin member of the APA. Besides her payroll accomplishments Dayna is certified in HR hiring and firing practices and is a Six-Sigma Greenbelt.

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  • All HR personal
  • Payroll professionals
  • Business Owners
  • Business Managers
  • Internal / External Auditors Corporate Accountants
  • Government Accountants Not-for-profit Accountants Risk Management Personnel
  • CPAs
  • Forensic accountants
  • Lawyers
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