From a8b56273b23c31f9e410840694469fed1c8ef5c5 Mon Sep 17 00:00:00 2001 From: Alexandre Bobkov Date: Fri, 18 Jul 2025 14:05:49 -0400 Subject: [PATCH] compliance --- docs/source/compliance.rst | 20 ++++++++++++-------- 1 file changed, 12 insertions(+), 8 deletions(-) diff --git a/docs/source/compliance.rst b/docs/source/compliance.rst index 047a0c8..70bcb77 100644 --- a/docs/source/compliance.rst +++ b/docs/source/compliance.rst @@ -325,11 +325,16 @@ information for budgeting, analytical and quality purposes. External Stakeholders ~~~~~~~~~~~~~~~~~~~~~~ -External stakeholders are organizations that are neither government nor internal stakeholders, -yet have a close working relationship with the payroll function. Compliance with external -stakeholder requirements is also a responsibility of the payroll department. In most cases, -compliance will require that payroll request a cheque from accounts payable and send it to -the external organization along with supporting documentation. +External stakeholders are entities outside of both the organization and government that maintain a collaborative or +service-based relationship with the payroll function. These may include benefit providers, insurance carriers, pension +plan administrators, unions, and third-party service vendors. Although not formally part of the company or regulatory bodies, +their involvement directly impacts payroll operations. + +Ensuring compliance with external stakeholder requirements is a key duty of the payroll department. This often includes +verifying data, meeting contractual obligations, and coordinating financial transactions. In many cases, payroll +professionals must initiate cheque requests through accounts payable and submit accompanying documentation to these +organizations to fulfill obligations accurately and on time. Maintaining strong communication and attention to detail with +external partners is essential for smooth and compliant payroll administration. **Benefit Carriers** are insurance companies that provide benefit coverage to employees. Payroll is responsible for deducting and remitting premiums for the insurance coverage to the @@ -370,11 +375,10 @@ Federal and provincial/territorial legislation, and amendments to existing legis regulations, can affect the operations of a payroll department, as the requirement to comply with the new or amended legislation must be satisfied. -Legislation determines what the rules are, while regulations determine how the rules are to be +It is important to note the difference between legislation and regulatio. **Legislation** determines what the rules are, while **regulations** determine how the rules are to be applied. -The methods for calculating income tax deductions are specified by the federal government -through regulations. +The methods for calculating income tax deductions are specified by the federal government through regulations. *Example:*