How Do You Detect Signs Of Fraud In Payroll In A Small Company?
Small companies are vulnerable to fraud. Even if you trust your employees, you should always review payroll and other accounting information to protect company revenues and reserves. Small companies may become backlogged with payroll activities and miss the warning signs of fraud. Review payroll fraud and protect your company. Know that payroll fraud is a clandestine activity and is committed for some type of financial gain. Understand how fraud can affect your. Unless the owner of the business is in charge of payroll and computing, there’s always the possibility of payroll fraud occurring. Keep in mind that occupational fraud occurs in many forms. Small businesses may have a lack of accounting controls, which allows an employee to manipulate the payroll to benefit themselves (or use an accomplice). Make a commitment to review payroll information on a regular basis. Don’t rule out payroll fraud simply because you have been working with the same person for a long time. Trust your instin
