September 2, 2014
DID YOU KNOW: Payroll fraud occurs nearly twice as often (14.2 percent) in small organizations with less than 100 employees than in large ones (7.6 percent)? (Source: The Association of Certified Fraud Examiners). Let’s talk about unauthorized changes in rate of pay.
August 25, 2014
DID YOU KNOW: Payroll Fraud occurs in 27% of all organizations? It is also the number one source of accounting theft. (Source: Association of Certified Fraud Examiners). Let’s explore payroll theft in relation to hourly pay.
August 18, 2014
DID YOU KNOW: It takes an average of 36 months to uncover payroll fraud within a business? (Source: Association of Certified Fraud Examiners). “Sarah Michael’s” real-life story speaks to the kind of error that companies hope to never face. In the months leading up to her maternity leave, Sarah was asked by HR to prepare […]
August 11, 2014
DID YOU KNOW: Nearly three quarters of companies reimburse employees for business-related expenses? Due to the detailed nature, volume, and frequency of expenses, there’s lots of room for errors. Introducing Jonas Smith, Senior Vice President, Sales “Jonas Smith” was a Senior Vice President, Sales. His position required frequent travel. Senior management required travel booking be […]
August 6, 2014
Did you Know: Canadian small businesses lose $3.2 billion annually from occupational fraud? (Source: Certified General Accountants of Ontario). You might think you know all the employees on your payroll, however it may be possible for a hidden “ghost employee” to be lurking in your payroll system.