The real risk behind payroll fraud

Recent statistics reveal that payroll fraud occurs in 27% of all businesses and one instance of this type of fraud lasts about 36 months. The consequences of this criminal activity can be devastating to any business and seriously impede their ability to compete. The reality of this growing problem in business is that the lack of control and segregation of duties between HR and payroll often leads to legalising payroll fraud. It is for this reason that CRS Technologies offers a range of courses that cover this – and other forms of fraud. These courses include modules on how to detect errors, segregation of duties, occupation fraud, and how to go about internal audits. This knowledge will help clients by empowering them with the tools and expertise to effectively protect their assets, and mitigate risks. Encourage clients to contact our legislation department today!