Suchergebnisse

• eBook-Kapitel aus dem Buch Auditing Payroll

  Pay-Out / Payroll Disbursement

  DIIR – Deutsches Institut für Interne Revision e. V.

  …. The audit activities described here therefore en- sure an effective internal control system for the last step of the payroll pro- cess, which leads to a… …changes; the dual control principle is not followed. Inappropriate changes are not traceable. • Can changes to authorization rights be made without… …fol- lowing the dual control prin- ciple? • Are changes to authorization rights recorded in the online banking system? • Is a change log available? •… …control” im- plemented for check transac- tions. Incorrect pay- ments remain undetected without effec- tive internal controls and lead to financial… …control principle? • Are effective internal controls in place? 4 Client approves final payment release. Misuse/incor- rect disburse- ment of payroll… …control in place in order to identify changes in a timely manner? Pay-Out / Payroll Disbursement 72 # Description Risks Audit Activities • Is access… …8.5 Approval Processes The implementation of the dual control principle combined with defined ap- proval levels are essential requirements for an… …effective internal control system. Given the high volume of the monthly payroll disbursement, the implemented approval processes mitigate the risks of… …payments could be processed and go unde- tected. Internal controls are not effective. • Is a dual control process followed for approving and releasing…

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• eBook-Kapitel aus dem Buch Auditing Payroll

  Payroll Master Data

  DIIR – Deutsches Institut für Interne Revision e. V.

  …the system? • How is special vacation main- tained in the system? • Are there control actions that mitigate the risks? 2 Steps are taken to verify… …specific tasks are assigned based on a job description. Data Quality, Data Control, Data Protection 31 # Description Risks Audit Activities 1 The… …are organizational data transmitted to the payroll master data? 4.6 Data Quality, Data Control, Data Protection Data quality is the evaluation of… …, as well as their consistency and availability on different systems. # Description Risks Audit Activities 1 Data quality/ control is en- sured…

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• eBook-Kapitel aus dem Buch Auditing Payroll

  Payroll Run

  DIIR – Deutsches Institut für Interne Revision e. V.

  …approved according to the dual control principle (e. g., by signature) by the authorized person (e. g., line manager and responsible party from HR)… …prior to being entered in the payroll system. (Note: a dual control process is not always possible in smaller organiza- tions. This should be offset by… …paid as calculated? • Obtain information about bo- nus programs (basis – process description, capturing, control, taxes and pay-out). • Review to… …. Gross and net values should be shown. Values should be compared to those of the previous month. The purpose of this control step is to check values… …for review purposes? Note: the system in use should ideally include control fea- tures/reports. • Are the quantity of bank transfers, the quantity…

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• eBook-Kapitel aus dem Buch Auditing Payroll

  Environment / HR Organization / Overview

  DIIR – Deutsches Institut für Interne Revision e. V.

  …data analysis) 2.4 HR organization – Payroll Organization – Control  Environment Payroll tasks can be centralized in a central department like a… …, data flow, authorization rules, reporting to enable control and responsibility for paying out salaries must be documented in a service level agreement… …. Please see section 8 for HR organization – Payroll Organization – Control  Environment 13 additional related details. Employees should receive…

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• eBook-Kapitel aus dem Buch Auditing Payroll

  Forms of Remuneration

  DIIR – Deutsches Institut für Interne Revision e. V.

  …effectively im- plemented/monitored? 4 Time wage Incorrect pay- ment and legal consequences due to: Inaccuracy of time control system and/or…