Incentive Compensation Audit Work Program
Subscriber Content
An Analytical Look at Incentive Compensation Practices
Access our detailed Incentive Compensation Audit Work Program to streamline your compensation and benefits processes and ensure compliance.
Audit steps include: review known best practices, set up the work paper organization tool, develop a project plan and determine the scope, facilitate budgeting, set up a coordination meeting with the process owner, obtain worldwide commission process/functional overview and expense allocation, obtain a copy of company sales commission/ bonus/draw policies and procedures, review procedures prior to beginning fieldwork, draft any questions that may be asked during interviews and process mapping, and develop incentive compensation plans that are reflective of company strategy.