WEBINAR: Fraud Awareness - A Segregation of Duties

WRPA WEBINAR: Segregation of Duties - Fraud Awareness

WEBINAR: Fraud Awareness - A Segregation of Duties

State Unemployement Fraud 

What to do: 

     Employers:

  1. Contact the employee
  2. Report suspected fraudulent claim form HERE

     Individual:

     If you received unemployment paperwork but did not file a claim, or otherwise believe you are a victim of identity theft related to unemployment benefits.

  1. Submit an Identity Theft Report with CDLE
  2. Next, deactivate the U.S. Bank card by filling out the U.S Bank Form.
  3. Contact the three consumer credit bureaus (Equifax, Experian, and TransUnion) and put a fraud alert on your name and Social Security number (SSN).
  4. Create a file where you can keep records of this identity theft in one place

 

4 Main Areas of Segretation of Duties: 

  • Authorization – who can authorize the purchase of inventory, equipment, supplies, etc.

  • Recording – who records the accounting transaction

  • Physical custody – who has access to the check book, bank account, physical inventory, etc.

  • Monitoring – who monitors and review the bank reconciliations, bank statements, subsidiary ledgers to the control accounts, budget to actual, account fluctuations, etc.

 

PowerPoint Presentation

Our firm provides the information in this e-newsletter for general guidance only, and does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action, you should consult a professional adviser who has been provided with all pertinent facts relevant to your particular situation. The information is provided "as is," with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.

Copyright © 2018 IndustryNewsletters. All rights reserved.

Previous Years

Other Blog Articles

401(k) Plans: Know the Rules

If you offer a 401(k) plan — in any of its various flavors — to your employees, everyone should know the tax rules that govern them. Although the details can get very technical, you can learn the basics.

What Is a Nondiscrimination Test?

A 401(k) is a special kind of plan, and it comes with special rules. Among those are nondiscrimination rules, which are designed to make sure your retirement plan benefits all your employees.

Wondering How COBRA Works

Losing their jobs can be a big financial hit for employees, but losing health benefits can be catastrophic. But the U.S.

Rethinking Your Employee Benefits Strategy

In the past, as long as you provided health insurance and retirement benefits, your benefits were considered competitive. Now, the pressure is on employers to supply more diverse options.

WRPA WEBINAR: Segregation of Duties - Fraud Awareness

WEBINAR: Fraud Awareness - A Segregation of Duties

State Unemployement Fraud 

What to do: 

     Employers:

Pages

How can we help?

Let Autopaychecks provide you with a single solution to manage Payroll, Human Resources, Time Tracking and Employee Benefits.

Phone: 970-245-4244
Email: info@autopaychecks.com

Autopaychecks, Inc.

Providing payroll, human resources, time tracking and benefits solutions for small-to-mid-sized companies.

iSolved Solutions from Autopaychecks

Connect with Us