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NJCRIB Issues Audit Reminder

Tuesday, June 29, 2010 | 0

The New Jersey Compensation Rating & Inspection Bureau (NJCRIB) has posted a reminder of its test audit program for employers.The bureau said New Jersey state law allowed the bureau to "adopt means for assuring uniform and accurate audit of payrolls." NJCRIB launched the test audit program in 1975 and conducts about 2,500 audits a year.Employers are selected at random from bureau files and then notified by mail of impending audits. Upon completion of the test audit, a letter is sent to the relevant insurer requesting a copy of their audit for comparison purposes.The Rating Bureau then eval...

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