Enter audit data and complete final audit

About this task

If a final audit has a status of In Progress, you can enter the audit data. The following steps describe how to edit and complete an audit.

Note: To edit an audit, you must have the Edit audit (editaudit) and Quote (quote) permissions. To complete an audit, you must have the Complete audit (completeaudit) permission.

Procedure

  1. Perform the steps in View final audit schedule or View audit activities. Then click the link of the Final Audit you wish to complete.
  2. Enter information in the Summary screen.
    The Audit Summary screen allows you to enter the following:

    Field

    Description

    Due Date

    Modify the due date, if necessary.

    Received Date

    Enter the date that the audit information was received.

    Method (actual)

    Change the audit method to the type of audit that actually occurred. In most cases this is the same value as Method (planned), however, sometimes it is not. If a physical audit was attempted but did not succeed, then this audit policy transaction may need to be completed with Estimated values.

    Audit Fee

    Enter an audit fee when a vendor conducts the audit.

    Instructions

    Enter instructions for the premium auditor or premium audit examiner.
  3. Click Next.
  4. In the audit Details screen, all the exposure class codes for the period appear by jurisdiction. Enter the actual audited payroll amounts for each location and class code. Click Save Draft.
    Because of your permissions, the screen displays Calculate Premiums next to the Save Draft button.
  5. Click Calculate Premiums. The rating engine calculates the amounts and displays the results on the Summary tab of the audit Premiums screen.
    The Summary tab displays the audit premium and the difference between the audited costs and the costs on the policy. Use the Comments field to add an explanation for the difference.
  6. To see the calculation of the total premium for the audit term, select the PremiumDetails tab.
    The Premium Details tab shows the calculation for each audit cost and compares it to the policy contract values. You can see the difference between these costs in the Change column.
  7. If you need to change the class code exposures, click Edit Audit.
  8. When the amounts are accurate, click Submit. The audit status is now Completed.