Internal Controls for Payroll
Review this part of the book for information about internal controls for payroll. Internal controls for payroll are essential to ensure the accuracy, integrity, and security of the employee compensation process.
These controls help prevent fraud, errors, and unauthorized transactions by establishing clear procedures for fiscal officers, including procedures on departmental retention of records, release of payroll information, and the employment verification process. A well-designed payroll controls system not only ensures compliance with legal and regulatory requirements, but also promotes operational efficiency and accountability at Indiana University.
Policies
Review the below policies related to internal controls for payroll:
- FIN-ACC-1: Role of Fiscal Officer, Account Manager, and Account Supervisor
- FIN-ACC-650: Financial Compliance: Authority and Accountability
- FIN-PAY-001: Payroll Compliance
- FIN-PAY-010: Segregation of Duties for Payroll Processing
- FIN-PAY-020: Recording and Reviewing Time Worked by Non-Exempt Employees
- FIN-PAY-050: Payroll Overpayment Processing
- FIN-PAY-060: Release of Payroll Information and Employment Verifications
- DM-01: Management of Institutional Data
Standards
Review the below standards related to internal controls for payroll:
Checklists
There are no checklists related to this portion of the book at this time. Please check back in the future!
TRAINING MATERIALS
There are no training materials related to this portion of the book at this time. Please check back in the future!
OTHER RELATED MATERIALS
Review the below other materials related to internal controls for payroll:
- Form: HRMS Access Request Form
- Reference Document: VPGC Records Retention Guidelines
- Reference Document: Employment Verification Information
IU Financial system reports and procedures
Review the below IU financial system reports and procedures related to internal controls for payroll:
