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(London.CityRegiions.com, August 25, 2012 ) London, UK -- We have experienced one of the worst recessions on record this century, making fraud all the more tempting for those struggling to pay the bills., says an officer of www.payrollreport.co.uk. This was backed up by PFK Accountants and the University of Portsmouth who conducted research regarding payroll fraud and they found fraud rates have increased by a third during the recession.
Payroll Report enumerates the types of payroll fraud that companies may be victim to:
Ghost employee frauds - A ghost employee is someone recorded on the payroll system but does not work for the business.
False wage claims - False wage claim fraud is falsely adding extra hours or other relevant factors to wage information to increase remuneration.
False expense reimbursements - False expense reimbursement fraud is the making of improper claims for the reimbursement of business expenses.
The first two frauds attack the payment system, the third attacks the expense reimbursement system., explains a company rep.
You can read more tips in our Prevent Payroll Fraud article., the rep added.
About Payroll Report
Payroll Report is designed to engage and inform on the payroll questions and challenges faced by small to medium sized enterprises to achieve payroll fraud prevention throughout the United Kingdom as well as offering sector specific payroll information.
PayRollReport.co.uk
Charles Vincent
0845 468 2000
admin@payrollreport.co.uk
Source: EmailWire.Com
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