Detecting & Preventing Fraud in Payroll: Proven Strategies to Save Money

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    Speaker: Peter Goldmann


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    Duration: 90 Minutes
    Product Code: 50801
    Level: Intermediate

OVERVIEW

Payroll fraud is the most common form of employee fraud and of all the accounting fraud scams, it’s one of the hardest to detect. One of the difficulties in stopping payroll fraud is the different types of scams that exist.

How can you implement policies, procedures and strategies to identify, eliminate and prevent payroll fraud?

Join the webinar to know.

WHY SHOULD YOU ATTEND

Join us for this highly informative, 90-minute webinar to discover the various types of payroll scams, how to recognize key signs of fraud, and how to detect and prevent payroll fraud.

AREAS COVERED

  • Identifying Payroll Fraud: Various Types of Scams & Warning Signs to Know
    • The tell-tale signs of fraud: What to look for in employee behavior
    • Know your risk factors: Modern issues facing companies & how to prepare
    • The usual suspects: Common scams, schemes & plots for payroll fraud
  • Strategies for Payroll Fraud Prevention with Internal Controls & Polices
    • Tips on how to build red flag alerts into your payroll accounting
    • Expert guidance on how to construct internal controls for payroll fraud prevention
    • Real-life payroll scams & their outcomes: Key lessons to take away
  • Ways to Use Payroll Audits to Defend Against Fraud & Negligence
    • Audit frequency: How often should you conduct audits to be effective?
    • Tips on the different types of self-audits & methods to conduct them
    • Common obstacles auditors face when it comes to fraud & how to avoid them

LEARNING OBJECTIVES

In this webinar you will learn:

  • Identifying payroll fraud red flags
  • Protocols for detecting & preventing fraud in payroll
  • Using audits to find patterns, red flags & stop scams
  • Common risk factors companies face when it comes to payroll fraud
  • Real-life lessons: strategies taken from actual fraud cases

WHO WILL BENEFIT

  • Internal and external audit professionals
  • Accounting and audit practitioners
  • AP managers
  • Senior financial management seeking to reduce their vulnerability to costly frauds
  • Procurement and payables specialists
  • Compliance and ethics managers
  • CFO's/senior financial managers
  • Security personnel
  • Fraud examiners
  • Compliance and ethics managers
  • CFO’s/senior financial managers
  • Loss prevention managers

SPEAKER

Years of Experience: 25+ years

Areas of Expertise: Risk Assessment, and Fraud Prevention and Investigation

Peter Goldmann is President of FraudAware LLC,the publisher of White-Collar Crime Fighter, a widely read bi-monthly newsletter for internal auditors, controllers, corporate counsel, financial operations managers and investigators. The newsletter is in its 15th year of publication under Peter’s leadership.

Peter is the author of Fraud in the Markets: Why it Happens and How to Fight It, published by John Wiley &Sons. The book is an in-depth account of the role that fraud played in bringing about the financial crisis of 2008. 

Peter is also the author of four other anti-fraud books covering accounts payable fraud, accounts receivable fraud, as well as two workbooks on fraud and cyber-risk and control, also published by Wiley.

Peter also developed FraudAware, the leading fraud and cyber-crime awareness training program. A user-friendly learning tool, FraudAware uses seminar, Webinar and E-Learning formats to train employees and managers at all levels in how to detect, prevent and report incidents of fraud, information theft and other forms of financial and electronic suspicious conduct.

FraudAware courses, which are customized for individual corporate, non-profit and government agency clients, reinforces organizations’ whistleblowing programs by enabling employees to detect illegal activity that can then be reported to supervisors or managers or by using the organization’s confidential hotline in accordance with established policy.

In addition, Peter has conducted numerous on-site fraud and cyber-crime detection and prevention workshops for internal auditors, attorneys, HR executives and compliance officers at Fortune 500 companies including Siemens Corp., Marriott International, Sony Denny’s Corp,as well as large not-for-profit organizations. He has also been a guest lecturer for college accounting and auditing courses.

Peter has 25 years of experience as a business journalist and trainer, having launched, edited and published numerous business trade periodicals covering small business, international trade, management strategy, cyber-crime (Cyber-Crime Fighter) banking and personal finance. He is a Certified Fraud Examiner (CFE) and a member of the Editorial Advisory Committee of the Association of Certified Fraud Examiners (ACFE).

He has been a columnist for the ACFE’s newsletter, The Fraud Examiner and is a frequent contributor to other leading industry publications on anti-fraud and cyber-crime topics. He has appeared on Fox Business News, The Wall Street Journal This Morning, The New York Times and Internal Auditor magazine.

Peter holds a Bachelor’s degree from the University of Michigan and a Master’s from the London School of Economics.

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