A Resource Audit Should Concentrate on Which of the Following

The resource base includes. When conducting a social audit a company should avoid doing all of the following except.

Effective Hr Department Stage Three Strategy Human Resource Management System Human Resource Development Human Resources

Second step is to identify relevant risk vulnerabilitythreat Third step is to do impact analysis Fourth step is to prioritize the risk on the basis of impact Fifth step is to evaluate controls.

. Broadly these resources are categorised into two groups - tangible or hard and intangible. 1 The objective of an audit of the financial statements is an expression of an opinion on. 1 Explain why auditors reports are important to users of financial statements and why it is desirable to have standard wording.

Reducing the scope of tests of controls and substantive tests. The auditor may supplement his observations with other tests of control capable of providing audit evidence. Starting the audit without talking to someone who has performed one and reading other similar audits.

A interviewing and hiring low-level managers. C identifying and retaining key talent. Enhancing the auditors understanding of the clients business.

The appraisal of audit performance should deal primarily with specific accomplishments related to audits. It helps to identify what the organisation currently has that we can build on and what are the areas that it needs to improve upon. Although traits are important a performance evaluation system for evaluating audit performance should primarily focus on specific accomplishments not traits.

The auditor may respond to a management request for such an evaluation but it is unlikely to be an audit committee request. Which of the following items should an auditor obtain from the previous auditor prior to accepting an audit engagement. The criteria named are traits not accomplishments.

I Human Resource Audit generally gives feedback about HR functions not only to operating mangers but also to HR department. Human Resource Audit means the systematic verification of job analysis and design recruitment and selection orientation and placement training and development performance appraisal and job evaluation employee and executive remuneration motivation and morale participative management communication welfare and social security safety and health industrial. A Inquiries of the entitys internal audit staff held in private.

First step is to identify the assets. Audit evidence obtained by doing observation pertains only to the point in time at which the procedure was applied. C Analytical procedures performed by auditors on the entitys trial balance.

When obtaining an understanding of an entitys control environment an auditor should concentrate on the substance of managements policies and procedures rather than their form because management may establish appropriate policies and procedures but not act on them. The audit of the physical resources includes listing of physical resources like machines building equipment etc their age condition of work life span capabilities location etc. Which of the following auditor concerns most likely could be so serious that the auditor would conclude that a financial statement audit cannot be conducted.

Study Chapter 4 - Resource Audit flashcards from Darren Mellors class online or in Brainscapes iPhone or Android app. Assessing the adequacy of the available evidential matter. Audit of Human Resources.

Audit of Physical Resources. Iii Human Resource Audit also helps clarify organisational and management goals. B modifying benefits packages.

Answer c is incorrect. This type of comprehensive review of the companys current state can help to identify whether specific practice areas or processes are adequate legal andor. Allowing one stakeholders issues to outweigh the others.

2 If the auditor believes that the financial statements are not fairly stated or is unable to reach a conclusion because of insufficient evidence the auditor. B Inspection of prenumbered client purchase orders filed in the vouchers payable department. Physical resources Human resources Financial resources and.

Areas that may represent specific risk relevant to the audit. This is a management function. B The integrity of entitys management is suspect.

Providing assurance that potential material misstatements will be identified. Types of Resource Audit. Ii Basically audit is an overall quality control and check the HR activities in a public organisation.

The following statements are true about observation when used as tests of control procedures except. Answer d is correct. The preparation of an audit plan is an important component of the planning and supervision in an audit.

Analytical procedures used in planning an audit should focus on A. E eliminating annual employee reviews. Analytical procedures used in planning an audit should focus on identifying.

Auditors reports are important to users of financial statements because they inform users of the auditors opinion as to whether or not the. Answer d is incorrect. Which of the following procedures would provide auditors with the most reliable audit evidence.

The auditor should concentrate on managements planning and evaluation process and report on that process to audit committee. Which of the following is the most important human resource issue to address during the first few months of a merger. The concept of materiality recognizes that auditors should focus on matters that are important to financial statement users.

Resource audit is an internal strategic analysis technique used to understand the current state of an organisations resources and competencies. Auditing Questions and Answers. Conducting Human Resource Audits.

CISA aspirants should know following steps of risk assessment. A The entity has no formal written code of conduct. C Procedures requiring separation of duties are subject to.

The fairness of the financial statements in all material respects. Scope Human resource audits involve a companys strategic actions to take an intensely objective look at its HR policies procedures and practices. Forgetting to focus on the benefits and the business case for social responsibility.

Learn faster with spaced repetition. D modifying employee pay grades. Which of the following is not true with respect to the performance principle.

Effective Hr Department Stage Two Success Human Resource Management System Human Resources Career Human Resources

The Glamorous Hr Compliance Definition Free Hr Audit Checklist With Regard To Sample Hr Audit Report Template Checklist Template Report Template Checklist

Effective Hr Department Stage Two Success Human Resource Management System Human Resources Career Human Resources

Hr Management Report Template 1 Professional Templates Report Template Substitute Teacher Business Cards Incident Report

Share this post