Detecting and Preventing Payroll Fraud- By AtoZ Compliance

Key Take Away:
Understand how payroll frauds occur and how to design and implement internal controls to help prevent and detect payroll fraud.

Overview:
All companies need to process payroll and have to be aware of the possibility of payroll fraud. This webinar is designed for individuals who would like to obtain a basic understanding of payroll training and how their company could be affected by fraudulent financial reporting.
The misappropriation of cash and fraudulent financial reporting are ongoing concerns for many business managers and owners. Often the internal controls that are necessary to help prevent and detect payroll frauds are missing or ineffective.
This webinar will help you to understand how payroll frauds occur and how to design and implement internal controls to help prevent and detect payroll fraud.
Why Should You Attend:
Often business owners and managers are unaware of the various methods employees use the payroll process to misappropriate assets from the company.
Examples of actual payroll frauds will be provided so participants can understand how the frauds are being committed and how they were uncovered. Information will be provided about payroll frauds committed by employees as well as payroll frauds committed by management and company owners.
We will review various methodologies for payroll fraud prevention and will discuss developing internal controls to help prevent and detect payroll fraud.
Areas Covered In This Webinar:
We will review why employees commit occupational frauds such as payroll fraud. Statistics on occupational frauds, including payroll frauds, will be presented. Examples of real cases will be provided so attendees can gain a better understanding of how these frauds are committed.
We will discuss which internal controls are frequently missing when payroll process training occurs and what internal controls companies should implement to help prevent and detect payroll fraud.
We will consider controls for each of the components of the COSO Internal Control Framework.
Learning Objectives:
Recognize types of payroll frauds
Design internal controls to prevent payroll fraud
Design internal controls to detect payroll fraud
Who Will Benefit:
CPAs
CFEs
CFFs
MAFFs
CIAs
CMAs
CFOs
CEOs
Business Owners
Business Managers
Internal / External Auditors
Corporate Accountants
Government Accountants
Not-for-profit Accountants
Risk Management Personnel
Speakers Profile:
Robert Minniti
Bob Minniti is the President and Owner of Minniti CPA, LLC. Bob is a Certified Public Accountant, Certified Forensic Accountant, Certified Fraud Examiner, Certified Valuation Analyst, Certified in Financial Forensics,Master Analyst in Financial Forensics, Chartered Global Management Accountant, and is a licensed private investigator. Bob is currently pursuing a doctoral degree in business administration at Walden University. Bob received his MBA degree and Graduate Certificate in Accounting from DeVry University’s Keller Graduate School of Management, and received his Bachelor of Science in Business Administration degree from the University of Phoenix. Bob is a professor teaching graduate and undergraduate coursesin accounting, fraud examination, fraud criminology, ethics, forensic accounting, external audit, internal audit, tax, and real estate finance at DeVry University, Grand Canyon University, Northwestern University, and the University of Phoenix.
He has designed graduate and undergraduate courses for Grand Canyon University, Northwestern University, and Anthem College. He is a writer and public speaker. He has experience inforensic accounting, fraud examinations, financial audits, internal audits, compliance audits, real estate valuations, business valuations, real estate financing, internal control development, business continuation planning, risk management, financial forecasting and Sarbanes-Oxley compliance work.Bob is an instructor teaching continuing professional education classes for the American Institute of Certified Public Accountants. Bob served on the American Board of Forensic Accounting for 5 years the final two years as Chairman of the Board. He also served on the Board of the American College of Forensic Examiners for two years.