Why regular audits matter in Payroll

Join us for Episode 139 as we dive into the importance of payroll audits! In this episode, Walt and Brian discuss the various facets of payroll audits, including common and uncommon audit types, cultural sensitivity considerations, the impact of remote work, and cybersecurity risks. They also explore how integrating automation and AI can improve audit effectiveness. The episode is packed with insights into aligning payroll processes with business objectives, real-world examples of addressing payroll discrepancies, and tips for maintaining a robust payroll system. Don't miss this enlightening discussion that could help you enhance your payroll auditing process for better accuracy and compliance!

00:00 Introduction and New Year Catch-Up

00:55 Personal Reflections and Goals

02:15 Therapy and Self-Care Insights

07:26 The Importance of Audits in Payroll

08:34 HR Audit Case Study

12:07 TimeTrakGO Sponsorship

13:54 Regularly Recurring Scheduled Audits

22:43 Common Payroll Errors: Exempt vs. Non-Exempt

23:40 Data Security and Access Control

25:29 Cross-Functional Collaboration in Payroll

26:50 State-Specific Overtime Requirements

28:28 Uncommon Payroll Audit Considerations

35:07 The Importance of Cybersecurity in Payroll

36:21 The Role of Audits in Identifying Payroll Issues

38:19 Real-World Payroll Audit Examples

43:24 Conclusion and Final Thoughts