Payroll Health Check

Payroll Health Check

Businesses sometimes need an external professional to perform a Health Check on the biggest expense in their business – the Payroll. The most common reasons for a Payroll Health Check are:

1. When there is any suspicion of payroll irregularities,
2. To ensure the payroll is 100% compliant with tax and statutory regulations,
3. To assess internal payroll processes and controls e.g. Security roles and segregation of duties,
4. To ensure the payroll set-up and structure is aligned with business objectives
5. To Review the Service Level Agreement of the Payroll Vendor
6. To assess the efficacy of the Payroll System

Do not confuse a Payroll Health Check with a year-end audit. The main objective of a statutory audit is to verify the payroll expense reflected in your Income Statement.