There are many opportunities for fraud and incorrect payments in a payroll system. In this accounting payroll course, we discuss all aspects of the payroll process flow, the forms used, and the controls needed to ensure that payroll processing activities are properly conducted. The payroll accounting course also addresses systems of internal control, control principles, types of controls, and several related issues.
Learning Objectives
Upon successful completion of this course, participants will be able to:
Recognize the characteristics of a system of internal controls.
Recall the situations in which it is possible to operate with weak controls.
Recognize the best types of controls.
Specify how a continuous controls monitoring system functions.
Recall the types of fraud that can be directed at a payroll system.
Recall the different types of controls that can be applied to a payroll system.
Major Topics
The Genesis of Accounting Controls
Common Fraud Risk Factors
Fraud Triggers
Controls Principles
Terminating Controls
Payroll Concepts
Controls Education
