The Payroll Audit

<p>Ensure that payroll is punctual accurate secure and used effectively as a management tool Managing the payroll is often seen as a purely administrative function. But aside from the legal and financial implications of payroll errors payroll has significant implications for the organisation as a whole. So this 6-Step audit first of all ensures that your payroll:</p><p>• Meets all relevant legal requirements</p><p>• Is secure against the risk of mistakes and internal and external fraud</p><p>• Is managed efficiently and cost-effectively</p><p>• Is supplied with timely and accurate information about all employees</p><p>Then it goes on to consider the overall role of the payroll function and allows you to consider:</p><p>• How the payroll function could be better integrated into the HR function</p><p>• Whether any of the information held by the payroll function could usefully (and legally) be shared - e.g. flexible working schemes may hold two sets of time and attendance data</p><p>• How far payment methods and timetabling meet employees' needs and the needs of the company</p><p>• Whether payroll resources could be used by other departments at 'quiet' times</p><p>• Whether payroll should be seen as a separate profit centre and how it might earn revenue.</p>