WEBINAR: Fraud Awareness - A Segregation of Duties
State Unemployement Fraud
What to do:
- Contact the employee
- Report suspected fraudulent claim form HERE
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.
- Submit an Identity Theft Report with CDLE
- Next, deactivate the U.S. Bank card by filling out the U.S Bank Form.
- Contact the three consumer credit bureaus (Equifax, Experian, and TransUnion) and put a fraud alert on your name and Social Security number (SSN).
- 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.
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.
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