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Preparing for a Workers' Compensation Audit
The next time you are scheduled for a workers' compensation payroll audit, be prepared. It could save you time and a considerable amount of money. Listed below are a few helpful audit hints.
Prepare For The Auditor Always have your payroll reports, classification divisions, certificates of insurance and overtime payroll summarized before the auditor's appointment. Often the auditor will simply use your calculations if they are well organized and can be reconciled to payroll stubs, W2's or other payroll records.
Set Appointment That Meets Your Schedule Never permit the auditor to set an appointment date and time that is not good for you or the business. The audit can take up to two hours and it is important that you stay with the auditor throughout the duration of the audit.
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