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Seeing Isn’t Believing: GenAI Document Fraud

RogerRossmeisl

Perennial problems Expense reimbursement fraud is a perennial problem for most organizations. With GenAI technologies, dishonest workers can create flawless documentation to request reimbursement of expenses they never incurred or that didn’t include business activity. This may enable them to perpetrate payroll fraud.

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2024 Tax Reporting Tips for Resort Employers: Worker Classification and Navigating 1099 Requirements

Withum

Expense Reimbursement: Employees are generally reimbursed for business expenses, while independent contractors are not. Financial Control I nvestment: Independent contractors often have a significant investment in their own equipment and tools, whereas employees use equipment provided by the employer.

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How to Choose the Right Payroll Software For Your Skagit County Small Business

SkagitCountyTaxServices

If youre a consultant, you own a creative business, or you own a trade business hiring subcontractors: Look for 1099 payment processing and expense reimbursement options.

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Shoring Up Protections Against Expense Reimbursement Fraud

RogerRossmeisl

One of the types of occupational fraud schemes that became more costly for employers since the beginning of the COVID-19 pandemic in 2020 is expense reimbursement fraud. Although the $50,000 median loss of expense reimbursement scams is less than that of some other frauds, it’s also very commonly perpetrated.

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Why Your Company Needs an Expense Reimbursement Policy

RogerRossmeisl

The post Why Your Company Needs an Expense Reimbursement Policy appeared first on Roger Rossmeisl, CPA. (This is Blog #1180).

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5 Ways to Stop Employees from Colluding in Fraud

RogerRossmeisl

For example, a colluding manager might override controls to allow another employee to commit expense reimbursement or payroll fraud. The post 5 Ways to Stop Employees from Colluding in Fraud appeared first on Roger Rossmeisl, CPA. Colluding thieves usually either ignore internal controls or take steps to hide noncompliance.

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5 Medical Practice Fraud Controls

RogerRossmeisl

For example, crooked employees might: Steal receipts or cash on hand, Alter or forge checks, Submit fictitious invoices, Pay personal expenses with practice funds, or Cheat on their expense reimbursement requests. The post 5 Medical Practice Fraud Controls appeared first on Roger Rossmeisl, CPA.