To prepare for your workers’ compensation audit, consider creating a workers’ compensation audit checklist The list should include Employee information, Owners, officers and partners information, Payment and certificate verification, and your business information. The main items you’ll need for your workers' compensation audit are an accounting ledger, tax forms such as W-2, 1099, Form 941, Form 944 and a federal tax return, certificate of insurance for every subcontractor and detailed descriptions of each business function. You can easily get a workers compensation insurance quote.