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....
Payroll is one example where the segregation of duties works well and is even desirable.Another example is in a warehouse, where the person receiving goods from a supplier and the person authorizing payment to the supplier are two different employees. Similarly, the person maintaining inventory ...