The Unemployment Insurance Fund (UIF) has commenced (as of 1 December 2020) with the auditing of TERS payments made up to 15 October 2020.
Employers who received payments from TERS are required to prepare the following:
• The UIF has appointed 7 forensic auditing companies to assist with the auditing of TERS payments received by employers. These auditors will be visiting the recipients and have requested that the following COVID TERS application pack be available and presented when visited for auditing:
(a) All documents / information provided to the UIF at the time of application for each lockdown period.
(b) Bank statements relating to COVID TERS application.
(c) Each employee Human Resources file.
(d) Payroll report from 01 January 2020 – July 2020.
(e) Proof of Payment to employees.
(f) Proof of any refunds to UIF.
The above information is just minimum required documents.
For any further advice and assistance please contact EOHCB – you can find your local agent or office HERE.
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