This course is designed for individuals who would like to obtain a basic understanding of the employee termination process. Whether voluntarily or involuntarily terminated employees have rights and employers have responsibilities. What needs to be paid (Wages, bonuses, commissions), what notices need to be supplied, what can an employer collect back from an employee? These questions will be discussed along with the COBRA requirements and unemployment follow-up. We will discuss best practices and necessary internal controls in the termination process.
Publication Date: September 2020
Designed For
CPAs, CFEs, CMAs, internal auditors, CIAs, external auditors, managers, CFOs and others responsible for final pay or payroll processing.
Topics Covered
- General Labor Laws
- When Employees Quit
- When Employees Are Fired or Laid”Off
- Other Paycheck Administration Pitfalls
Learning Objectives
- Identify employment law issues related to final pay
- Identify employment law issues related to employee paychecks
- Recognize state requirements
- Identify what is covered by the Uniformed Services Employment & Reemployment Rights Act
- Recognize what is not protected by discrimination laws
- Describe what can be withheld from a final paycheck
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Accounting (Governmental) (2 hours)
Program Prerequisites
None
Advance Preparation
None
Instructor
Robert K Minniti
DBA, CPA, CFE, Cr.FA, CVA, MAFF, CFF, CGMA, PI
Dr. Minniti is the President and Owner of Minniti CPA, LLC. Dr. Minniti is a Certified Public Accountant, Certified Forensic Accountant, Certified Fraud Examiner, Certified Valuation Analyst, Certified in Financial Forensics, Master Analyst in Financial Forensics, Chartered Global Management Accountant, and is a licensed private investigator in the state of Arizona.
Dr. Minniti received his doctoral degree in business administration from Walden University, received his MBA degree and Graduate Certificate in Accounting from DeVry University’s Keller Graduate School of Management, and received his Bachelor of Science in Business Administration degree from the University of Phoenix. Dr. Minniti taught graduate and undergraduate courses in forensic accounting at DeVry University, Grand Canyon University, Kaplan University, Northwestern University, and the University of Phoenix. He designed graduate and undergraduate courses for Grand Canyon University, Northwestern University, and Anthem College.
He is a writer and public speaker. He has experience in forensic accounting, fraud examinations, financial audits, internal audits, compliance audits, real estate valuations, business valuations, internal control development, business continuation planning, risk management, cyber security, privacy laws, data security, Sarbanes-Oxley compliance work and business consulting. In addition to his practice Dr. Minniti is an instructor teaching continuing professional education classes for a variety of providers and CPA Societies.
Dr. Minniti is currently serving as a board member on the National Association of Certified Valuators and Analysts' (NACVA) Litigation Forensics Board (LFB) and as a committee member on the Arizona State Board of Accountancy's Law Review Advisory Committee.