What information and records is needed to complete a professional liability (E&O) payroll audit?
Payroll journals listing individual employee payroll records and job duties/responsibilities for the period listed on the audit form
Your general ledger, check register, and cash disbursements journal
Federal Quarterly Tax Returns (IRS Form 941) for the previous four quarters (State Unemployment Quarterly Forms are also acceptable as well as Schedule C of the Federal Income Tax Return for sole proprietors, Form 1065 for LLCs/partnerships, or Form 1120 for corporations)
All Miscellaneous Income Forms (IRS Form 1099) for the most recently completed calendar year
Any other records that may be requested by the auditor at the time of your audit