Suchergebnisse

• eBook-Kapitel aus dem Buch Auditing Payroll

  Payroll Run

  DIIR – Deutsches Institut für Interne Revision e. V.

  …for payroll- and HR-related information. There should be a link to automated time tracking systems from the payroll system to minimize the risk of… …defined. Risk of incor- rect or unveri- fied payments. • Are the regulations known and accessible in the compa- ny? • Is a review performed to en- sure… …effective. Risk of incorrect or unverified pay- ments • All wage/salary adjustments, benefits, promotions, bonus- es and any special payments are… …. # Description Risks Audit Activities 1 All necessary information is available before the monthly payroll run starts. Risk of incor- rect… …plan takes pub- lic holidays, month-end closing etc. into account. Risk of incor- rect payment • Are public holidays, vacation etc. considered in… …payroll in time. Risk of incor- rect payment. • Are all necessary salary com- ponents, such as overtime, bonus and shift premium, in- cluded and… …calculation is defined and managed. Incorrect cal- culation of payroll; risk of incorrect or unverified pay- ments • Are all payroll components recorded… …ferred before the next regular payroll cycle are monitored and minimized. Risk of incor- rect or unveri- fied payments • If an off-cycle payment is…

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• eBook-Kapitel aus dem Buch Auditing Payroll

  Forms of Remuneration

  DIIR – Deutsches Institut für Interne Revision e. V.

  …Activities 2 Salary accord- ing to collective agreement Risk of litiga- tion if salary payments are below collective agreements • Has the employee been… …bonuses (holi- day allowance, Christmas bo- nus, etc.). Incorrect pay- ment, risk of litigation • Check whether bonuses have been paid to entitled… …Incorrect pay- ment, risk of legal dispute • Are variable salary compo- nents defined? • Is there a company or collec- tive agreement or statutory… …processed through the pay- roll but via a separate bank transfer, check or even cash payments. Therefore, there is a risk that the Payroll department is not… …Risk of legal disputes • Check whether the final pay- roll calculation covers pay- ment for overtime hours. 2 Holiday compensation Risk of legal… …out. Exit of an Employee 41 # Description Risks Audit Activities 3 Severance payment Risk of legal disputes Payroll result might be incor-… …partial time off) – in cases of termina- tion/retirement/ death. Risk of legal dis- putes • If approved by the new em- ployer – check whether the…

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• eBook-Kapitel aus dem Buch Auditing Payroll

  Environment / HR Organization / Overview

  DIIR – Deutsches Institut für Interne Revision e. V.

  …agreements, tariff levels, etc.). The statutory or collective agreements will not be com- plied with. There is a risk of reputational damage. • Are… …employment insurance) are complied with. There is a risk of incorrect payments to social security. This may result in violations of social security… …Risks Audit Activities 2 Payroll is or- ganized exter- nally. Insufficient controls in- crease risk of potential fraud. Service costs are not in line… …findings. There is a risk of fines for non-compliance with legal regu- lations. There is a risk that tax arrears or penalties may be levied for vi-…

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• eBook-Kapitel aus dem Buch Auditing Payroll

  Time Recording

  DIIR – Deutsches Institut für Interne Revision e. V.

  …time data after the fact. Incorrect re- cording of times; com- pliance and financial risk; data protection violation • Check access rights… …statement in order to minimize the risk of duplicate entries. • Compare target and actual times; check time statements if previously defined limits have…
• eBook-Kapitel aus dem Buch Auditing Payroll

  Pay-Out / Payroll Disbursement

  DIIR – Deutsches Institut für Interne Revision e. V.

  …Segregation of duties in the pay-out/payroll disbursement process Internal con- trols are not ef- fective. Risk of financial loss/ manipulation due to… …fective. Risk of financial loss/ manipulation due to fraud- ulent actions; data can be altered and manipulated. • Is the authorization to main- tain… …banking tool. Risk of fraud- ulent actions, manipulation of data, unau- thorized access to confidential data • Is a documented authorization rights… …transfer file prevented (techni- cally, prohibited by policy)? 2 Changes to authoriza- tion rights are tracked and monitored. Risk of un- authorized… …banking/ERP system. Unapproved transactions could become effective. Risk of financial loss/manipu- lation due to fraudulent ac- tions; data can be…

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• eBook-Kapitel aus dem Buch Revision des Finanzwesens

  Management von Fremdwährungen

  DIIR – Deutsches Institut für Interne Revision e. V.

  …kommen die Value at Risk Methode, das Cash Flow at Risk Ver- fahren, die Sensitivitätsanalyse und Worst-Case-Szenarien. Rechnungswesen 115 � Wie oft…
• eBook-Kapitel aus dem Buch Auditing Payroll

  Payroll System

  DIIR – Deutsches Institut für Interne Revision e. V.

  …unauthorized access to pay- roll data. Vio- lation of confi- dentiality and data protection law. Risk of sig- nificant penal- ties, compensa- tion payments…