How to Audit Benefit and Compensation Plans

The benefits and compensation paid by an employer represent a large part of its total expenditures. They also open the employer up to risks of cost overruns, lawsuits, and government penalties. How to Audit Benefit and Compensation Plans gives auditors an overview of the major compensation and benefit areas of employer risk like worker classification, compensation structures, pay administration, and more. This benefits and compensation plan auditing CPE course teaches you the procedures to use in confirming proper employee-versus-contractor designations, testing compliance with the Fair Labor Standards Act, the Equal Pay Act, the Civil Rights Act, the Americans with Disabilities Act, and applicable minimum wage laws. This CPE course for auditors will teach you how to verify accurate payroll tax remittances, qualified retirement plan administration, and payroll record retention. The auditing CPE course also examines cost containment controls for self-funded medical plans, including dependent eligibility audits, claims fraud detection, stop-loss review, and pharmacy benefit manager oversight. By working through these auditing tasks, you’ll learn to identify errors, overpayments, and compliance gaps that drive up an employer’s costs and legal exposure. Most importantly, you’ll learn how to recommend fixes that significantly reduce an employer’s risks.