Question

Do you feel the outsourcing of the payroll function decreases the likelihood of fraud? Why, or...

Do you feel the outsourcing of the payroll function decreases the likelihood of fraud? Why, or why not?

Homework Answers

Answer #1

Yes, by outsourcing of the payroll function one organization can decrease the likelihood of fraud.

As the people who will work on payroll will be a third party for the organization and organization will not have any direct influence on the third-party they also do not have any day to day relation with the third- party this gives the more independence to payroll function. In outsourcing there is more transparency as they provide a bunch of all kind of reports for every payroll run to the management.

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