Learn best practices to create a process and procedure for developing payroll audit and reconciliation tools.
Most employers have several different types of earnings, fringe benefits, health insurance deductions, garnishments, etc. Each of these payroll pieces are guided by legislative, regulatory and reporting requirements. Payroll errors can cost an organization thousands of dollars. Payroll professionals are processing a huge amount of numbers and data each payroll cycle. Without a solid segregation of duties, fraud can occur. Even if strong segregation of duties are in place to ensure integrity and prevent fraud, several individuals will be entering and processing the information, leaving room for error. Payroll costs are the largest expense of any organization. Implementing solid audit controls, reconciling your payroll, and discovering the source of errors and correcting them is key to a cost savings and a correct paycheck.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
Audit Controls
- Segregation of Duties
- Audit Needs List
- Costs Savings
Reconciliation Tools
- How Often
- Checklists
- Involvement From Other Departments
Errors
- Why Did the Error Happen
- How to Correct the Error
- Best Practices
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
OnDemand Course
This course was last revised on July 9, 2020.
Call 1-866-352-9540 for further credit information.
- AIPB 1.5
- This program is acceptable for 1.5 CPEC(s) towards the CB designation through the American Institute of Professional Bookkeepers (AIPB).
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
Tricia Richardson, CPP, SPHR, SHRM-SCP
Purposed Payroll Professional
- Purposed Payroll Professional
- Over 25 years of experience in all aspects of workforce management (payroll processing, taxation, employee handbooks, human resources, benefits, etc.)
- Certified Payroll Professional (CPP) through the American Payroll Association (APA), Senior Professional in Human Resources (SPHR) through the HR Certification Institute, and a Society for Human Resource Management Senior Certified Professional (SHRM-SCP)
- Member of the National Speakers Bureau for the National American Payroll Association (APA) and a contributing writer for Paytech Magazine
- Serves as the treasure of a York County Pennsylvania Non-Profit Association
- Involved locally through the Susquehanna Valley Chapter of the American Payroll Association, having served in various roles on the board of directors and as a contributor to the certification study groups
- B.S. degree in management studies, University of Maryland University College
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
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