Final Pay, Reimbursements, & Other Paycheck Administration Pitfalls
Author: Robert K Minniti
| CPE Credit: |
2 hours for CPAs |
This course is designed for individuals who would like to obtain a basic understanding of the employee termination process. Whether voluntarily or involuntarily terminated employees have rights and employers have responsibilities. What needs to be paid (Wages, bonuses, commissions), what notices need to be supplied, what can an employer collect back from an employee? These questions will be discussed along with the COBRA requirements and unemployment follow-up. We will discuss best practices and necessary internal controls in the termination process.
Publication Date: September 2020
Designed For
CPAs, CFEs, CMAs, internal auditors, CIAs, external auditors, managers, CFOs and others responsible for final pay or payroll processing.
Topics Covered
- General Labor Laws
- When Employees Quit
- When Employees Are Fired or Laid”Off
- Other Paycheck Administration Pitfalls
Learning Objectives
- Identify employment law issues related to final pay
- Identify employment law issues related to employee paychecks
- Recognize state requirements
- Identify what is covered by the Uniformed Services Employment & Reemployment Rights Act
- Recognize what is not protected by discrimination laws
- Describe what can be withheld from a final paycheck
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Accounting (Governmental) (2 hours)
Program Prerequisites
None
Advance Preparation
None
