How to Audit Payroll ON DEMAND
Available Until
Your Desk
1.0 Credits
Member Price $58.00
Non-Member Price $67.00
Overview
This payroll auditing CPE course clarifies for the auditor every action needed to audit payroll. It describes the characteristics of payroll from an auditing perspective and then goes on to describe the steps required to audit every aspect of payroll. Background information about ghost employees and the capitalization of payroll costs are also included, as well as descriptions of the controls that clients typically integrate into their payroll systems.
Highlights
Auditor objectives. Auditing characteristics of payroll. Capitalization of labor costs. Ghost employees. Payroll ending balance. The payroll register. Auditor questions. Auditing activities. Precompute pay. Trace to general ledger. Conduct analytical procedures. Timing of auditing activities.
Prerequisites
None.
Designed For
Auditors, CPAs, CEOs, and other accounting professionals.
Objectives
Recognize the situations in which a ghost employee is more likely to be created within a payroll system. Specify the situations in which inherent risk is considered to be relatively high. Identify the types of activities that can be considered substantive procedures. Describe the different types of controls that a client may install for its payroll system.
Preparation
None.
Notice
None.
Leader(s):
Leader Bios
Steven Bragg, Western CPE
Steven M. Bragg, CPA, is a full-time book and course author who has written more than 70 business books. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast.
Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and an auditor with Deloitte & Touche. He holds an MBA from Babson College, a Master of Finance from Bentley College, and a BA from the University of Maine (summa cum laude).
Non-Member Price $67.00
Member Price $58.00