Internal Controls: Payroll – Online| Self-Study

About this course

Learning objectives

This dynamic course has a detailed curriculum consisting of 6 lessons:

Lesson 1 — Internal Control Review

• Recall the definition of internal control
• Recognize the three categories of objectives and the five interrelated components of an effective internal control system
• Recall how objectives and components work together to create an effective internal control system

Lesson 2 — Importance of Internal Control

• Recall why internal controls are valuable to an organization
• Recognize internal control within Generally Accepted Government Auditing Standards (GAGAS) and the Single Audit Act
• Recall how internal controls are a deterrent to fraud

Lesson 3 — Payroll and Benefit Accounting: An Overview

• Recall how employee earnings are determined
• Recognize between gross payroll, adjusted gross payroll, and net payroll
• Identify examples of the various types of payroll deductions
• Recall how to record a payroll and the employer’s share of employee benefits

Lesson 4 — Effective Internal Controls Over Payroll

• Recall the payroll process
• Recognize the objectives for payroll
• Identify the connection between the payroll objectives and the five interrelated components of an effective internal control system

Lesson 5 — Segregation of Duties

• Recall the definition of segregation of duties
• Identify what duties should be segregated for payroll
• Recall how to complete a segregation of duties evaluator for a sample government

Lesson 6 — Internal Control Deficiencies

• Recall internal control testing performed by external auditors
• Recognize the components for reporting internal control deficiencies
• Recognize the different types of internal control deficiencies

Who should attend?

Internal Controls: Payroll is one of a series of four internal control courses designed primarily for state and local government employees who require knowledge of basic internal controls.

In addition, the course is highly relevant for:

• Professionals with private sector experience who want to gain knowledge of governmental payroll processes
• Accounting professionals preparing for the CPA exam or seeking continuing professional education.
• Local governmental employees who require knowledge of the local government payroll process.
• Local government employees who seek to meet requirements of the Local Government Finance Officer Certification Program offered through the University of Georgia’s Carl Vinson Institute of Government

Continuing Education Information

The University of Georgia will award 0.5 Continuing Education Unit (CEU) or 6.0 CPEs upon successful completion of this course.

A University of Georgia CEU (Opens in a new window) transcript is available at any time upon written request.

A Certificate of Completion will be awarded by the University of Georgia, Carl Vinson Institute of Government.

Note: Carl Vinson Institute of Government University of Georgia National Registry Sponsor Number: 140808

In accordance with the standards of the National Registry of CPE sponsors, CPE credits granted are based on a 50-minute hour.

Field of Study: Auditing (Governmental)
Delivery Method: QAS Self Study
Advance Preparation: None
Program Level: Basic
Prerequisites: None