ADVANCED PAYROLL COMPLIANCE
ADVANCED PAYROLL COMPLIANCE
The PCA audit is designed to provide a comprehensive overview of a payroll company's organisational structure, operational procedures and financial processes to ensure that they all comply with a raft of current UK employment legislation. Undertaken and administered by one of the 'big four' accountancy firms, the audit comprises a minimum of 150 elements and analyses each and every payroll model provided by any given umbrella company, including umbrella, PAYE bureau, CIS (Construction Industry Scheme), PEO (Professional Employment Organisations), joint employment and accountancy services for limited companies.
The audit typically takes three months and mirrors the chronological processes deployed by umbrella companies to register, onboard and actually pay workers and contractors placed by temporary recruitment agencies. Supported by a team of proven audit professionals, the audit process is conducted remotely, utilising a secure online portal where information is collated and shared in real time.
The process includes a thorough review of commercial agreements, contracts of employment, KIDs (Key Information Documents), RTW (Right to Work) checks, timesheets and payslips, among many other documents, plus an analysis of all statutory obligations, including holiday pay, maternity/ paternity pay, pensions, apprenticeship levy and expenses entitlements.
Once the salient information has been collated, the auditors undertake an independent and confidential validation process by contacting a sample of workers at random to ascertain their experiences with the payroll provider in question. Where necessary, this feedback is recounted back to the payroll provider if further clarification of any processes or procedures is required.
