Getting ahead of payroll fraud

Fraud investigator outlines red flags that could mean payroll fraud is occurring
By Sheila Brawn
|Canadian Payroll Reporter|Last Updated: 08/06/2014

Has your organization been a victim of payroll fraud? If so, you are not alone. Forensic accountant and private investigator Edward Nagel says surveys show more than one-quarter of businesses have been affected by payroll fraud, making it the main type of accounting fraud and employee theft facing employers today.


“Unfortunately, fraud is becoming quite commonplace in our organizations. Most organizations take the position that it’s not a matter of if, but rather when they are going to be victimized by fraud,” he told delegates attending an education session on payroll fraud at the Canadian Payroll Association’s recent annual conference in Toronto.