Audit of GRU's Payroll Processes

The purpose of this engagement is to conduct an independent, comprehensive Payroll Audit to evaluate the accuracy, completeness, and compliance of the organization’s payroll processes. The audit must include a detailed verification of all payroll tax and benefits calculations, withholdings, filings, and remittances. The selected vendor will be responsible for achieving objectives such as payroll accuracy assessment, tax verification, benefits and deduction verification, compliance evaluation, process and control review, risk identification, and providing recommendations for improvements. • The vendor will review and analyze employee master data, timekeeping records, and payroll registers. • The vendor must perform a detailed verification of federal income tax withholding, social security and medicare taxes, unemployment taxes, and quarterly and annual tax filings. • The vendor will assess compliance with federal, state, and local payroll regulations and evaluate the effectiveness of payroll controls, segregation of duties, and system safeguards.