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 Statistic's-How big of a problem is it?
• How does payroll fraud occur? Internal and External Factors
• Preventing Payroll Fraud
• Internal Controls
• Tools (Process Maps, Business Continuity Plans, Process Documentation
• Audits
• Sarbanes-Oxley 404 Requirements
• Ethical Business Practices
• Learn about current fraudulent activity and how it is impacting companies
• Details around statistics of how often payroll fraud occurs
• Tools to have better processes and controls in place to prevent fraud
• To gain the legal rules around detecting and deferring payroll fraud.  Will review tools that companies can use to make sure that fraud can be deterred or detected immediately.

Who Should Attend

• Payroll and Tax Professionals