Payroll Fraud Payroll fraud occurs nearly twice as often in small organizations with less than 100 employees than in large companies. The average instance of payroll fraud lasts about 30 months. This occurs because many business owners do not take time to review the payroll ledgers. All to often the person entering in the new hires… Read More »
Tag: fraud training
Is Your Employee Lapping The Receivables?
What is Lapping? Lapping is an asset misappropriations fraud scheme and is one of the most common methods of concealing receivables skimming. Lapping is the fraudster’s version of “robbing Peter to pay Paul”. It is the extraction of money from one account to cover shortages in another account. For example, customer A’s payment comes in and… Read More »
Fraud Training in the Healthcare Industry
The healthcare industry, in its unique regulations, systems, procedures and records, is plagued by an estimated $80 billion a year in fraud (according to the FBI). Healthcare fraud training will ensure your staff knows the warning signs and what action to take if fraud is suspected. It would be ideal to have all managers and… Read More »