Which of the following is the function of benefit programs audit?
A) Reviewing regulatory compliance, benefits administration and reporting
B) Checking record keeping on state and federal paperwork requirement
C) Reviewing specific HR areas such as compensation, training, and so on
D) Reviewing compliance with immigration regulations and the I-9 form requirement

Question

Quizplus · Accepted Answer

The function of benefit programs audit is to review regulatory compliance, benefits administration, and reporting. This includes ensuring that the organization complies with federal and state laws regarding employee benefits, such as ERISA, COBRA, HIPAA, and the Affordable Care Act. Additionally, the audit will examine the administration and management of benefit programs to ensure they are being delivered efficiently and effectively. Finally, the audit will review the reporting of benefits data to ensure accuracy and completeness.

Which of the Following Is the Function of Benefit Programs