Pay Rolls and Internal Audit Essay Example | Topics and Well Written Essays - 2000 words

liquidate Rolls and Internal Audit - Essay ExampleNo lapses were found in the management of pay drum roll or scrutinize but the need to strengthen the control and improve the process of payment and audit in order to suck in process more and more accurate and transparent regarding the payment surgical procedure were suggested. The need of strengthening of control of faculty pay roll advances, and the need of obtaining additional and timely training from the HR part to ensure maintenance of better personal records was stressed. There was signifi commodet progress achieved done inst completelyation of computerized transcription for this purpose. The process of reviewing and procedures of documenting must take into consideration the gradual computerization of the process along with addressing the issues like leave on loss of pay and the adjustments made for that purpose. There is a need to make arrangements to produce salary statements according to the revised schemes in order to enable paysheet department to overspread the sample for verification of major key salary elements on the force-out data bank.The process of lag pay roll advances can be strengthened through analysis and fixity follow up of accounts. The outstanding collectibles are liable to review and should be brought up to date. The HR department should discuss with payroll department Unit regarding providing a list of appointments, extension, cessations, leave for loss of pay for both regular and contract staff for ensuring a proper tallying of personnel records with pay roll records. If this type of communication is done manually or not done regularly, its effect on HR department will be followly. As the system was computerized it is now possible to obtain this information but there is a need of maintaining a database named personnel information system. Right now the work of personnel information department also was maintained by payroll unit only. This is making the system less effi cient and even less accurate due to the non availability of up to date information. Regarding the large number of alternate arrangements due to absence of staff, non appointment of regular staff, the lack of staff due to leaves on loss of pay they involve an outgrowth in cost to the company. Necessary steps were not taken to regularize the monitoring on these things and even to reduce the increment of pay due to these arrangements. The review of payments processed by payment authorities is also important. This type of reviews run in strengthening control over turn on expensed by reviewing travel claims and assurance that all travel is verified to feasible extent. The airline boarding passes, train tickets verification must be reviewed. The review can cover the travel expenses of permanent travelers, frequent travelers and the personnel traveling less often. The differences in the procedures must be studied and the verification process can be done with the knowledge of pay roll de partment to avoid complications as they will be in constant contact with the data base of all the staff. ( if the data base was provided. A recommendation for that type of data base was done earlier in the paper. No information of existing database was given in the information of the company)The proposal of informing the instructions issued to managers of different departments who approve the payments to pay toll department can be mooted to make two obligations between payroll and internal audit more reasonable. This makes the pay roll