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
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.