Fraud- fake staff member been made

One particular on the widespread fraud we've came across / read on the news relates to payroll fraud, exactly where fake personnel had been been made by person to earn more money earnings on the fictitious personnel been documented.

One particular on the popular situations happened in Singapore Airlines, wherein fictitious employees' hours had been clocked in by payroll officer. Payroll officer pocketed the money effectively simply by entering the bank account details in to the program to earn the added hours clocked.

To lessen the risk of fraud as a result of fictitious personnel been made. There really should be right segregation of duties amongst:

1.  personnel that have the access ideal to payroll technique to produce and employee
2. personnel that have the access ideal to enter bank acccount facts of person employee in to the technique
3. a reviewer ( who need to not been entitled the appropriate to edit, but been eligible the appropriate to view) to make sure that the bank account facts is input effectively
4. a reviewer who overview the monthly payroll charges ( by division, by employee name); this reviewr need to do a random testing to tally the summary of payroll expense facts to timesheet submitted / revised letter of incremenet

The segregation of duties mitigate the threat that a fake employee is often made by person.