Audit library / 05 Payroll and employee settlements
Payroll and Employee Settlements Audit Kit
A complete, ready-to-use audit plan for payroll, end-of-service benefits, final settlements and statutory contributions. 17 procedures in 8 phases, each showing what to do, the assertion, the risk and the evidence to obtain.
- Step-by-step guide on how to use the plan
- 17 audit procedures, from planning to sign-off
- Covers employee master data, payroll calculation, payments and reconciliation, end-of-service and final settlements, statutory contributions and accruals and fraud red flags
- Status and result dropdowns with an automatic progress tracker
- Fillable PDF version you can complete on screen
- Full English and Arabic versions (4 files)
Preview the checklist
Here are the first procedures from the kit. Buy the kit to unlock everything.
| Ref | Procedure | Assertion | Status | Result |
|---|---|---|---|---|
| A. Planning and understanding | ||||
| A1 | Understand the payroll process: hiring, changes, attendance, calculation, approval and payment. Identify who can add employees and change pay rates.Risk: Weak segregation lets one person create and pay employees. | Controls | Not started ▾ | |
| A2 | Perform analytical review of payroll cost by month and department against headcount, prior year and budget.Risk: Unusual payroll movements not investigated. | Accuracy & valuation | Not started ▾ | |
| B. Employee master data | ||||
| B1 | Agree a sample of employees on the payroll to HR files: contract, ID or residency, salary approval and bank details.Risk: Payments to employees who do not exist. | Existence | Not started ▾ | |
| B2 | Review joiners and leavers in the period: check leavers were removed promptly and joiners were approved before first payment.Risk: Leavers kept on payroll; unapproved hires paid. | Existence | Not started ▾ | |
| B3 | Test changes to pay rates and allowances for written approval in line with policy.Risk: Unauthorised salary increases. | Controls | Not started ▾ | |
| C. Payroll calculation | ||||
| C1 | Recalculate gross-to-net pay for a sample of employees: basic, allowances, overtime, deductions and absences.Risk: Pay calculated incorrectly. | Accuracy & valuation | Not started ▾ | |
| C2 | Review overtime: compare hours to attendance records and policy limits; identify employees with unusually high overtime.Risk: Overtime claimed but not worked. | Fraud | Not started ▾ | |
10 more procedures are inside the full kit
Plus the step-by-step guide, dropdowns, progress tracker and the fillable PDF.
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