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