Examlex
Auditors should consider the use of data analytics tools to such for payroll-related anomalies including duplicate employee names, missing data in the payroll master files, or duplicate direct deposit bank account numbers.
Damages
Monetary compensation awarded to a party in a legal proceeding as a remedy for loss or injury.
Punitive Damages
Financial compensation awarded to a plaintiff, over and beyond the actual damages incurred, to punish the defendant for egregious or malicious conduct.
Plaintiff
An individual or entity that brings a lawsuit against another in a court of law.
Breach of Contract
The failure of one party to fulfill the terms of a contract without lawful excuse.
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