Payroll Fraud Within Your Organisation: Detecting and Preventing

Payroll fraud is one of the most common types of corporate fraud. It can be defined as the theft of funds from an organisation via the payroll processing system. Payroll fraud is usually committed by an employee attempting to receive any money they are not entitled to from their workplace.

In any kind of organisation, small or large, the possibility of payroll fraud exists. There are various ways payroll fraud can be perpetrated.

Payroll Fraud Can Strike Large and Small Businesses

Employee payroll fraud is a challenging issue for many organisations. The process of detecting and preventing this starts with a thorough understanding of the different types of payroll fraud that exist, and mechanisms to implement to keep damage to a minimum.

Common Types of Payroll Fraud

Ghost employee's fraud

Timesheet fraud

Leave and Sick Leave fraud

Employee miss-classification

Pay rate alterations

Padding work hours

Outstanding advances

Employee and/or Employer Banking details alterations