SP6 “What You Need to Know” Series (Article 3 of 3) Many people are surprised to discover how prevalent employee fraud – including timecard fraud – is in our country. It can be found at businesses of all sizes and in nearly every industry. Consider these statistics from the ACFE 2020 Report to the Nations, released by the Association […]
SP6 “What You Need to Know” Series (Article 2 of 3) No business is immune to payroll fraud. It costs U.S. companies millions of dollars each year. Despite its prevalence, many organizations have no idea they’re victims of this type of theft. That’s because it can be extremely difficult to detect. Consider these facts: According to the 2020 Report to the Nations released by the Association of Certified Fraud Examiners (ACFE), organizations […]
SP6 “What You Need to Know” Series (Article 1 of 3) You may be surprised to discover how widespread payroll fraud is. It’s a white-collar crime affecting businesses of all sizes and touching nearly every industry. Consider the following: According to the FBI, $3.5 billion was reported lost in the U.S. as a result of payroll […]