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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.