Advanced Staff Training: Auditing Payroll (Currently Unavailable)

Author: Robert K Minniti

Are you up to speed on the requirements for auditing the payroll process? This course is designed for individuals who would like to obtain a better understanding of auditing payroll. We will review audit procedures for auditing the proper categorization of workers, the requirements for overtime and exempt employees under the Federal Labor Relations Act, internal controls for payroll, and field work in the payroll audit process. We will discuss audit procedures that would allow the auditor to detect a material misstatement in the payroll accounts from errors or fraud, and review common red flags for payroll fraud.

Publication Date: April 2020

Designed For
CPAs, CMAs, CFFs, MAFFs, CGMAs, internal auditors, CIAs, external auditors, managers, CFOs and others responsible for payroll audits.

Topics Covered

• Payroll Overview
• New Payroll Tax Forms for 2020
• A Review of the Financial Statement Assertions
• Auditing Payroll: Planning the Audit
• Sampling
• Auditing Internal Controls for Payroll
• Payroll Fraud
• Auditing Payroll: Conducting Field Work

Learning Objectives

• Identify audit procedures for auditing payroll
• Recognize qualifications to be an exempt employee
• Recognize examples of management payroll fraud scheme
• Describe what is not commonly reviewed during a payroll audit
• Identify required disclosure for payroll
• Differentiate types of testing and how they apply

Level
Basic

Instructional Method
Self-Study

NASBA Field of Study
Auditing (2 hours)

Program Prerequisites
None

Advance Preparation
None