What is tracked in the Payroll Audit Report?

The Payroll Audit Report is primarily focused on significant payroll activity, which includes key metrics such as the number of employees paid during a specific period. This report serves as an important tool to help organizations review their payroll processes, identify inconsistencies, and ensure compliance with regulations. By tracking the number of employees paid, the report allows for an assessment of payroll accuracy and efficacy, making it easier to pinpoint any discrepancies or anomalies that may arise. This information is crucial for maintaining effective payroll management and supports the overall financial health of the organization.

In contrast, while total payroll expenses for the quarter, current employee job titles and salaries, and employee turnover rates are all relevant components of payroll and human resources oversight, they do not capture the essence of the Payroll Audit Report, which zeroes in on the volume and nature of payroll transactions during the reporting period.