BAC 401 AUDIT OF WAGES - BAC 401 AUDIT OF WAGES a How to...

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BAC 401: AUDIT OF WAGES a) How to verify that employees are not paid before they have commenced employment or after they have left (a starters and leavers test) Select two payrolls, the first at the start of the company financial year and the second a recent payroll. Employees not on the first payroll who are on the second payroll are starters while those on the first payroll and not on the second are leavers. For both starters and leavers ascertain the date each employee started or lest from the personnel department. For starters, check to the relevant payroll that they were not paid before they started employment. For most employees, first payment should be at the end of the week or month they started work and not the previous week or month. For leavers, check to the relevant payroll that they were not paid after they ceased employment. For the sample, check that pay is made in the correct number of days in the week or month of departure including any holiday pay/ overtime/ bonus entitlement. An alternative way of performing this test is to start from the personnel records of staff who have started or left during the period and checking to payroll above.
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  • Fall '16
  • GEORGE THUO
  • Auditing, unclaimed wages

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