Hiring a Payroll Auditing Firm, Question 15: Should we Have a Three or Four Year Cycle to Audit all Employers?

Posting by Larry Beebe, CPA

There is no requirement by the U.S. Department of Labor or any other regulator that all employers be subject to payroll audits over a fixed number of years. If a plan has a small number of employers, auditing each employer within a cycle probably makes sense.

There are good reasons, however, to vary the number of years between payroll audits for a given employer. We will discuss that in our next blog.

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