When the university of Leicester conducted research in 2003, it found that 70% of 2000 people questioned admitted that they would commit fraud if they could get away with it. Of course this is a delicate subject, however it is far more prevalent than people realise. Around nine years have passed since this research was published and in that time we have experienced one of the worst recessions this century, making fraud all the more tempting.
When PFK Accountants and the University of Portsmouth recently conducted research into this area they found that fraud rates had increased by a third during the recession. While the majority of people have no inclination to get involved in high-level fraud, there is one type of fraud which is easy to fall into and which many people will take part in guilt-free: payroll fraud. We have written a brochure on payroll fraud covering financial gain, the extent of the problem, how to detect payroll fraud and prevention and control.
Standard Fraud Audit
Detailed review of payroll data
Review of business processes
Regular audit checks
Random audit checks