The Payroll Audit

The Payroll Audit

by Robert Leach
     
 
Ensure that payroll is punctual, accurate, secure and used effectively as a management tool
Managing the payroll is often seen as a purely administrative function. But, aside from the legal and financial implications of payroll errors, payroll has significant implications for the organisation as a whole.

So this 6-Step audit first of all ensures that your payroll

Overview

Ensure that payroll is punctual, accurate, secure and used effectively as a management tool
Managing the payroll is often seen as a purely administrative function. But, aside from the legal and financial implications of payroll errors, payroll has significant implications for the organisation as a whole.

So this 6-Step audit first of all ensures that your payroll:

•Meets all relevant legal requirements
•Is secure against the risk of mistakes and internal and external fraud
•Is managed efficiently and cost-effectively
•Is supplied with timely and accurate information about all employees
Then it goes on to consider the overall role of the payroll function and allows you to consider:

•How the payroll function could be better integrated into the HR function
•Whether any of the information held by the payroll function could usefully (and legally) be shared - e.g. flexible working schemes may hold two sets of time and attendance data
•How far payment methods and timetabling meet employees' needs and the needs of the company
•Whether payroll resources could be used by other departments at 'quiet' times
•Whether payroll should be seen as a separate profit centre, and how it might earn revenue.

Product Details

ISBN-13:
9780955970795
Publisher:
CAMBRIDGE STRATEGY PUBLICATIONS
Publication date:
08/18/2010
Pages:
102
Product dimensions:
8.27(w) x 11.69(h) x 0.21(d)

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