Auditing Payroll & Employee Benefits: Spotting the Hidden Risks

Auditing payroll and employee benefits in the contemporary business environment requires a different approach than in the past. Globalization has removed many of the traditional boundaries that once insulated businesses. The rapid introduction and adoption of new technology has fundamentally altered the way many businesses operate. The economy has entered a period of unprecedented volatility. The availability of inexpensive information storage, retrieval, and transmission has led to the decentralization of almost all businesses’ operations, and in many cases, their management.