It reflects that payroll fraud is the leading category of occupational fraud in the U.S., and recommends specific payroll segregation of duties best practices including that the payroll journals and general ledger (GL) should be reconciled to the W-2s and maintaining time entry....
The segregation of duties involves dividing a task so that more than one person is involve in the company's transactions
Our interactive SOD matrix will: Give you a sense of incompatible duties that may be present and potential compensating internal controls for cash disbursements, procurement, and payroll. Walk you through the top questions you and your team should ask and answer on a regular ba...