As financial conditions get tougher, we have heard of an increased level of financial fraud in South Africa. With the level of cash flowing through payroll there is a high likelihood of fraud in this area.
HRTorQue has launched a new service to perform either a review or audit of payroll depending on client preferences.
This service is aimed at identifying the risk of fraud within the payroll process and includes a number of checks to identify whether actual fraud might exist.
We specifically look at the following areas:
- Timesheet Fraud (hours not actually worked)
- Manipulation of payroll calculations
- Ghost employees
- Commission / bonus fraud (overstated performance)
- Reimbursable expenses (over-claiming)
- Payroll controls and approval
For more information please contact [email protected].