How can funds be stolen in payroll fraud?
A)by paying a fictitious or ghost employee
B)by increasing pay rates without permission
C)by keeping a real but terminated employee on the payroll
D)All of the above situations are possible.

Question

Quizplus · Accepted Answer

All of the above situations are possible in payroll fraud. Fictitious or ghost employees can be created and paid, pay rates can be increased without authorization, and terminated employees can still receive a paycheck. It is important for companies to have strong internal controls and regular audits to detect and prevent payroll fraud.

How Can Funds Be Stolen in Payroll Fraud