Payroll Audit: Meaning, Benefits, and Process to perform Internal Payroll Audit Table of Content Introduction Meaning of Payroll Audit of a Company Benefits of an Internal Payroll Audit The process to perform an Internal Payroll Audit of a Company Take away Introduction Payroll processing is arguably one of an employer’s most important responsibilities. It poses numerous challenges to HR and payroll professionals. One small error can ruin many things, including one’s reputation. Naturally, finding a reputable payroll service provider who will ensure that the organization’s niche requirements are met is critical. The first step, however, is to conduct regular payroll audits. This article will cover information on Internal Payroll Audit, the Benefits of Payroll Audit, and the Process to perform an Internal Payroll Audit of a Company. Meaning of Payroll Audit of a Company A payroll audit is an examination of a company’s payroll process in order to ensure its accuracy...
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