Hiring a Payroll Audit Firm, Question 19: How can we Streamline our Payroll Audit Process?BondBeebe
Posting by Larry Beebe, CPA
A prospective firm should answer this question by stating it constantly considers how to streamline the audit process for its clients. Each year, trustees and the audit firm should review the previous year and discuss how the audit program can be more efficient in the year ahead.
A payroll audit program should not remain the same year after year. It should be constantly evolving program. A frank discussion annually about the strengths and weaknesses of the program is essential.
For more in this series, see:
- Question 18: How do you Schedule Your Payroll Audits?
- Question 17: Do you Discuss Your Findings With the Employer When you Complete the Field Work Portion of the Audit?
- Question 16: Should we Ever Change the Time Between Payroll Audits for a Given Employer?
- Question 15: Should we Have a Three or Four Year Cycle to Audit all Employers?
- Question 14: Should Payroll Audits for all Employers be Random or Should They all be “for Cause” Audits?
- Question 13: What is the Typical Time Between the Assignment of a Payroll Audit to the Auditor, and it’s Performance and Delivery of the Audit Report?
- Question 12: Do you Charge for Travel Time?
- Question 11: Will we Receive Progress Reports?
- Question 10: Do you Change a Flat-Rate Fee per audit or an Hourly Rate?
- Question 9: Have you Done Payroll Audits for our Industry or Similar Industries?
- Question 8: Do you Have a Dedicated Payroll Audit Staff?
- Question 7: What are the Qualifications of Your Payroll Audit Staff?
- Question 6: How Long Does Your Typical Audit Take?
- Question 5: Do You Audit All Employees %100 or Do You Test Employees?
- Question 4: What is the Relationship Between Your Audit Findings and Your Audit Costs?
- Question 3: How Many of Your Payroll Audits do you Perform?
- Question 2: How Many Audits do you Perform?
- Question 1: How Many Years Have you Been Doing Payroll Audits?