Payroll Best Practices Guidelines

Internal Payroll Audit

Payroll is one of the most significant single expenses of an organization. Without proper accounting controls, money could be misappropriated and false expense claims processed. For this reason, employers must intimately understand their payroll costs and know how to control and predict them. The Internal Payroll Audit Practices guideline focuses on internal versus external audits, accurate payroll accounting practices, and detecting payroll fraud.