The Payroll and HR Audit Training Course offered by Imperial Corporate Training Institute is intended to give participants a thorough and practical foundation in conducting Payroll and HR Audits for 21st century organisations. Audit of Payroll and HR functions and processes play a vital role in financing/governance, as they relate directly to a company’s ability to compensate employees, remain compliant with statutes, maintain cost/budget control, and demonstrate corporate integrity. This course takes participants through the structure of payroll and HR, explains how risks occur in payroll and HR systems, and describes how Audit Practitioners assess controls, data accuracy, and compliance to internal policies and external regulations.
Employing a payroll and HR Auditing perspective, this Training Course provides participants with an in-depth understanding of payroll cycles, remuneration practices (compensation, benefits, etc.), HR policy development, and workforce data management.
In addition, this training course focuses on integrating Payroll and HR Audit functions with the larger financial and internal auditing processes of an organisation. Therefore, this course outlines how to incorporate organisational objectives, regulatory compliance, and best practices in governance and risk management into the audit function. Through practical, instructional modules that conclude with structured methodologies for developing a plan, execution, and reporting of Payroll and HR Audits based on a risk-based approach, participants will learn how to create and implement successful audits of Payroll and HR systems. Additionally, examples of common audit findings include fraud and data integrity problems, control weaknesses, and audit failure to provide reliable assurance and practical recommendations.
Objectives
Attendees will be able to:
- Develop a general understanding of the concepts, principles, and methodologies involved in payroll and HR audits.
- Description of how Payroll and HR systems are structured and the complete end to end processes that comprise both systems.
- Identify major risk factors that arise in the Payroll processing and HR management areas.
- Evaluate Internal Controls related to Payroll, Compensation and Employee Data.
- Review the company’s compliance with applicable Labour Laws, Tax Laws and Statutory requirements.
- Understand the techniques associated with Risk Based Audit Planning for Payroll and HR Audits.
- Develop the skills necessary to detect Payroll Errors, Irregularities and potential Fraud.
- Analyze HR Policies, Procedures and Governance Frameworks from an Audit Perspective.
- Develop skills for Audit Reporting regarding Payroll and HR related Audit Engagements.
Target Audience
- All Internal Auditors looking to expand their Audit skill set in areas related to Payroll and HR.
- External Auditors working on Financial and Operational Audit Engagements.
- HR Professionals who are responsible for Payroll Administration and Compliance.
- Finance and Accounting Professionals with Payroll related Costs and Employee Benefits.
- Compliance Officers and Risk Management Professionals working in these areas.
- Payroll Managers and Supervisors who have responsibility for the controls and systems related to Payroll.
- Government and Public Sector Auditors working in the area of Workforce and Payroll Reviews.
- Professionals who are preparing to take on roles in Financial Audit or Internal Controls Functions.
- Consultants providing Advisory Services in relation to Payroll and HR Processes.