Upload
tracy-angwin
View
996
Download
2
Embed Size (px)
Citation preview
PAYROLL FRAUD AUSTRALIA’S QUIETEST CRIME
Tracy angwin
When do you notice payroll?
Red flag – Financial pressure
Red flag – Unexplained wealth
Red flag – addiction
What does a payroll fraudster look like?
This is a payroll fraudster
Clive peeters payroll fraud • Sonya Causer • $125,000 salary • 38 years old • $19,365,768 in 125 payments • Transactions between $64,941 and $572,000 • Purchased 44 properties in 18 months • Four luxury vehicles • $17,000 jewellery • $3m shortfall • 8 year custodial sentence (5 year non parole) • Got a payroll job while on bail
Sceggs Redlands • Alison Barbour • Payroll officer, 45 years old • 6 years • $1,000,253 fraud • Discovered following confession • Used past employee records and set up fake teachers • Directed funds to her bank account • Recently separated from husband • $378,000 recovered • Sentenced to 15 months weekend detention
Most payroll fraud is unreported
Tips to avoid payroll fraud
technology
Data is to the digital economy, What oil was to the industrial economy
Consider • Casual skimming • Bank account changes • duplicate Tax file numbers • duplicate bank account numbers • Missing data (addresses, phone, email) • Audit reports • Ghost employees
processes
Consider • Time theft • Leave theft • Governance and risk • Authority levels • Spot checks • Paper trail – compare to source files
people
Consider • Large leave balances • Criminal checks • Understand background • Integrity • Working late • Old logins
Mediocrity is Fraud’s best friend
Payroll fraud audit 50 data detection tests
Process risks
Audit trails
Data analytics
Payroll compliance audit Technology
Outdated or poorly configured technology
Manual systems and double handling of data
People
Knowledge and capability
Positions and Authority
Processes
Governance, compliance & overpayments
Inefficiency in processes
Payroll fraud • Is detectable • Can have catastrophic consequences to business • Is preventable • Is Australia’s quietest crime
Contact Australian payroll association
www.austpayroll.com.au +61 2 9818 1931