Included Services
- Payroll Restructuring
- 24/7 All time Supporting
- Legal and Regulatory Updates
- Expert Team Members
Payroll Audit
A payroll audit is a methodical evaluation and analysis of a firm's payroll records and procedures to ensure accuracy, adherence to company policy, and compliance with laws and regulations. A payroll audit's main objective is to confirm that employees are paid correctly and that transactions relating to payroll are handled correctly.
The Challenge
A payroll audit is an assessment conducted to identify mistakes to ensure that these errors does not hamper the effectiveness of payroll system. These assessments can be carried out periodically in-house or with the help of payroll services professionals. Payroll services and even the function of payroll audits can be outsourced to third-party vendors which offer services fraction of the cost that it would take to conduct in-house.
What we do?
Here's an overview of what typically occurs during a payroll audit:
Review of Payroll Processes, Verification of Employee Data, Examination of Wage Calculations, Assessment of Deductions and Benefits, Compliance with Laws and Regulations, Internal Controls and Security Measures, Audit of Payroll Records and Documentation, Reconciliation and Verification, Reporting and Recommendations.