Top 10 List of Work Comp Audit Errors
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- Not for Profits
Are You Overcharged for Workers Compensation?
Payroll Does Not Match
Number 9 on the top ten list of Workers Compensation Audit Mistakes
- Your payroll numbers do not match the completed work comp audit.
- It is very important that your audited payroll as indicated on the completed workers compensation audit received from the insurance company matches with the payroll as generated by your accounting department. If there is a mistake in compiling the payroll numbers your audit will be incorrect.
- What can cause your payroll to be wrong? Take a look at some common areas for payroll mistakes;
- Payroll figures used are for the wrong period.
- Incorrect payroll numbers are provided to the auditor.
- Auditor incorrectly applys the payroll provided.
- Payroll caps are incorrectly applied.
- Overtime is incorrectly adjusted.
- Other remuneration is incorrectly applied as payroll.
- And these are just a few! As you can see there are many ways incorrect payroll can adversly effect your workers compensation audit. Mistakes can be made in both providing the payroll information requested and applying the payroll information received.
- Always keep in mind audit mistakes are made every day!
- It is very important that your audited payroll as indicated on the completed workers compensation audit received from the insurance company matches with the payroll as generated by your accounting department. If there is a mistake in compiling the payroll numbers your audit will be incorrect.
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