Advanced Staff Training: Auditing Payroll
Author: Robert K Minniti
| CPE Credit: |
2 hours for CPAs |
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: February 2023
Designed For
CPAs, CMAs, CFFs, MAFFs, CGMAs, internal auditors, CIAs, external auditors, managers, CFOs and others responsible for payroll audits.
Topics Covered
- Payroll Overview
- Payroll Tax Forms
- 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
- Recognize how to differentiate types of testing and how they apply
Level
Advanced
Instructional Method
Self-Study
NASBA Field of Study
Auditing (2 hours)
Program Prerequisites
A basic understanding of auditing.
Advance Preparation
None
