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Payroll Fraud Audit

1

Payroll Fraud AUDIT 3

Please write a short introduction about payroll fraud in different companies

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If the payments are being made properly

•
If all employees that are paid actually exist

•
If terminated employees are no longer being paid

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If excessive overtime is being properly monitored

I processed from software different reports.

Please I need a brief comment analyzing the report of each imagen


Part 1a: If the employees are being paid properly

(COMMENTS ABOUT GROSS PAY) Brief explanation of what you saw on your report. For example, 5 employees have negative gross pay.

(COMMETS ABOUT MEDICARE TAX) Insert a copy of your sorted report for Medicare. Then under that give a brief explanation of what you saw on your report. For example, 5 employees have the same Medicare tax amount but different gross pay amounts.

(COMMENTS ABOUT NET PAY) Insert a copy of your sorted report for net pay. Then under that give a brief explanation of what you saw on your report. For example, 5 employees have negative gross pay but positive net pay.

Part 1b: If any suspicious transactions exist – Discuss any possible issues you may have found and if you feel further investigation is needed

Part 2: See if employees are being paid properly. Discuss any possible issues you may have found and if you feel further investigation is needed

Part 3: See if employees being paid really exist. Discuss any possible issues you may have found and if you feel further investigation is needed.

Part 4: See if employees being paid appear to be actual employees. Discuss any possible issues you may have found and if you feel further investigation is needed

Part 5: see if terminated employees are being paid. Discuss any possible issues you may have found and if you feel further investigation is needed

Part 6: See if excessive OT is being paid. Discuss any possible issues you may have found and if you feel further investigation is needed

Fraud Investigation Questions

Include a list of questions you would ask to determine if fraud may have occurred at this company, who you would interview regarding possible fraud and in what order you would interview these individual. Be sure to explain why you selected these individuals in that order.

Additional Testing and Expected Findings

Explain what additional tests would you run on the data provided and why. Include what you expect to find as a result of your analysis and interviews. List any specific laws you feel were violated in this case.

References

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