About Auditing & Payroll Reports

The New York Compensation Insurance Rating Board requires insurance carriers to audit the payroll records of employers for the purpose of determining premiums for workers’ compensation policies. In many instances, a NYSIF auditor will examine your books and records to determine payroll. In certain cases, a policyholder may be permitted to complete an underwriting payroll report (DP517) or a premium audit payroll statement in lieu of an actual audit.

Audits are necessary to determine the total amount of payroll subject to a premium charge, to determine if the classification code applied to your premium is correct, to verify the division of payroll for each classification code, and to assist you in setting up accurate records and proper classification codes so you will pay the lowest possible premium.