Employer Risk and Internal Controls in the Payroll Process

MCHRA does not meet in July. However, we have partnered with the Fort Worth Chapter of the American Payroll Association to offer member discount pricing at their July 2^nd (Thursday) monthly luncheon at the Diamond Oaks Country Club in Haltom City. FWAPA will allow MCHRA members to attend this meeting at the $25.00 discount rate.

The deadline for registration is midnight Sunday, June 28th. You must log on to the FWAPA website Click Here for Registration or go to http://www.fortworthapa.org/  . You must enter the Member Discount Code “ p1-5244888H “ to receive the member discount. If you need assistance, contact Bill Langley at bwlangley.qar@gmail.com .

The FWAPA will present an interesting discussion about employer risks and internal controls in the payroll process.

Regarding the Topic

The Association of Fraud Examiners refers to payroll fraud as “any scheme in which an employee causes his or her employer to issue a payment by making false claims for compensation.” This means that every organization that pays employees can be a victim of fraud.

Who are the culprits? It is often the person you would least expect. Several schemes involve benefits, but they all boil down to an employee receiving benefits or extra compensation they did not earn, such as excess leave or other benefits expenditures. You may even have “Ghost Employees” on staff.

One of the best prevention measures is having solid internal controls, which includes monitoring your employees. But how do you do this without upsetting the workforce?

Gary Goldberg will address these questions and discuss the common forms of fraud risk and internal controls in the payroll process. He will highlight effective best practices to establish and monitor your internal controls and procedures. Gary will also discuss tools and techniques for reviewing key report items such as leave and benefits accruals, payroll distribution, vendors and other vital information.

The key to preventing and detecting payroll fraud is adequate monitoring. You can have the best policies and procedures in place, but you must adequately monitor them to ensure they are being followed.

About the Speaker

Gary Goldberg is a CPA and Certified Internal Auditor. He is Senior Director of Financial Compliance for Internal Auditing at Texas Health Resources where he has been for the last 8 years. Prior to THR, Gary’s experience includes time with CVS Caremark Corporation and KPMG. He is a graduate of the University of North Texas.