Categories
Payroll Fraud and Risk Management

SEGREGATION OF DUTIES

Basic payroll duties include the following:

  1. Payroll input
  2. Payroll input checking
  3. Payroll sign-off
  4. Payroll payment file export
  5. Bank reconciliation

The abovementioned payroll duties should be segregated between the payroll, finance and human resources departments.

If these basic payroll duties reside only within the payroll department your payroll might be at risks for possible irregularities.