Payroll Laws, Regulations, and Internal Controls

  • Credits: 1
  • Format: Self-Study eBook
  • Field of Study: Accounting
  • Author/Speaker: Robert Minniti
Available Formats:   
Advanced Preparation: None
Experience Level: Overview
Program Prerequisites: General Understanding Accounting
Course ID: RM-304
Published Date: © June 2019
COURSE DESCRIPTION

Every organization that has workers is involved in the payroll process. This course is designed to help participants determine how to properly categorize workers as employees, statutory employees, statutory nonemployees, or independent contractors. Participants will also review the minimum wage and overtime requirements for employees, including which employees are exempt from minimum wage and overtime requirements. We will also discuss the Family Medical Leave Act and which employers must comply with the Act. Finally, we will review risks in the payroll process and internal controls for the payroll process.

This course does not cover HR-related topics such as onboarding or terminating employees. Conducting background or drug tests. Completing employee evaluations, and other HR-related activities which are covered in other CPE courses.

Learning Objectives:

After reading the course material, you will be able to:

  • Identify IRS Regulations for categorizing workers
  • Identify minimum wage and overtime requirements
  • Identify the requirements in the Family Medical Leave Act
  • Design internal controls for the payroll process

Who Should Attend:
  • All Certified Public Accountants (CPAs)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorship’s:
NASBA