The benefits and compensation paid by an employer represent a large part of its total expenditures, and also lay it open to risks of cost overruns, lawsuits, and government penalties. In this course, we provide an overview of the basic benefit and compensation areas that the auditor needs to be concerned about, and also describe the auditing tasks to pursue in order to identify problem areas that need to be fixed. These auditing tasks can significantly reduce the costs and risks of an employer.
Learning Objectives
Upon successful completion of this course, participants will be able to:
Recognize the types of benefits and compensation that may be offered to workers.
Specify the audit tasks that may be applied to the administration of benefit and compensation plans.
Identify the tasks required to develop a compensation structure.
Major Topics
The Nature of Benefits and Compensation
The Need for Benefit and Compensation Plans
Compensation Structures
Pay Administration
Benefits Administration
Payroll Administration
