BY GRETCHEN INOUYE, CPP Payroll, which includes taxes and benefits, is frequently the largest operating expense of an organization. Then when you factor in the confidential payroll information to the financial aspects, developing and maintaining adequate controls within the payroll environment is essential. Controls generally fall within three areas: physical controls, staffing practices, and system controls. The size and complexity of an organization will determine the levels and types of controls to implement, although some controls are applicable in all environments. Physical controls involve restricting access to payroll by establishing actual physical barriers such as using locks on doors, desks, and filing cabinets. If access to the payroll department is… Read More