Why regular audits matter in Payroll
Join us for Episode 139 as we dive into the importance of payroll audits! In this episode, Walt and Brian discuss the various facets of payroll audits, including common and uncommon audit types, cultural sensitivity considerations, the impact of remote work, and cybersecurity risks. They also explore how integrating automation and AI can improve audit effectiveness. The episode is packed with insights into aligning payroll processes with business objectives, real-world examples of addressing payroll discrepancies, and tips for maintaining a robust payroll system. Don't miss this enlightening discussion that could help you enhance your payroll auditing process for better accuracy and compliance!
00:00 Introduction and New Year Catch-Up
00:55 Personal Reflections and Goals
02:15 Therapy and Self-Care Insights
07:26 The Importance of Audits in Payroll
08:34 HR Audit Case Study
12:07 TimeTrakGO Sponsorship
13:54 Regularly Recurring Scheduled Audits
22:43 Common Payroll Errors: Exempt vs. Non-Exempt
23:40 Data Security and Access Control
25:29 Cross-Functional Collaboration in Payroll
26:50 State-Specific Overtime Requirements
28:28 Uncommon Payroll Audit Considerations
35:07 The Importance of Cybersecurity in Payroll
36:21 The Role of Audits in Identifying Payroll Issues
38:19 Real-World Payroll Audit Examples
43:24 Conclusion and Final Thoughts
