Identify the top-three issues that should be discussed when

Question

Question: "Professional Service Organizations" Please respond to the following:

You have been asked by the CFO of the company where you work or previously worked to evaluate the use of a professional service organization for processing the company's payroll. Identify the top-three issues that should be discussed when considering contracting the services of a payroll service provider. Evaluate the impact, both positive and negative, of each issue on the process in question. Provide specific examples to support your response.

Using the information from the e-Activity, identify the key elements of a plan to outsource your firm's payroll function. For each element of the plan, describe the impact of each element. Be sure that the elements address the necessary controls needed to safeguard your firm's personnel data. Provide specific examples to support your rationale.

Answer 1

Please respond to the following regarding Professional Service Organizations. You have been inquired by the CFO of the company where you work or formerly worked to assess the use of the professional service organization for dealing out the company's payroll. Recognize the top-three issues which must be illustrated if considering contracting the services of a payroll service provider. Assess the impact, both negative and positive, of each issue on the process in question. Give particular illustrations to support your reply. By using the information from the e-Activity, recognize the main elements of a plan to outsource the payroll function of the firm. For every element of the plan, illustrate the impact of each element. Ensure that the elements address the essential controls required to safeguard your firm's personnel data. Give specific illustrations to support your rationale.