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The audit is all about identifying the shortcomings, lapses, and gaps in the function of a system. In the same way, Human resources also undergo the process of auditing every year so that the performance of the HR department in a company in terms of compensation, payroll management, selection process and other processes are carried out at its best and reducing the organization’s liability as a whole.
Auditing is a tool that helps to understand an organization to determine if a particular function is operating where it is meant to and covering everything it is chartered to cover. It helps a manager to identify the improvement needs.
It is a comprehensive method to verify the current human resource procedures, policies, documentation and system to enhance the HR function while ensuring compliance with the ever-changing rules and regulations. An audit is about systematically reviewing all aspects of human resources as a function, usually in a checklist function.
In an organization, auditing is a practical act of the findings, evolving and developing a function supporting the company’s Mission and Vision.
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These were some of the purposes for conducting audits.
An audit reviews an organization’s essential human resources functions to determine compliance with state and federal regulations. The audit allows businesses to identify potential human resources compliance issues and establish HR best practices. It is similar to a financial or tax audit for businesses.
An HR audit is not a standard technique for resolving issues. On the other hand, it provides information on the sources of present and future difficulties. The findings of these audits are usually internal records that do not need to be shared with the public, and they enhance decision-making within the organization.
Also Read:What exactly is an HR AuditDetailed Overview of HR Audit Process for a Business
Minakshi Bindhani has completed LL.M. with a specialization in Criminal Law from Madhusudan Law University, Cuttack, Odisha. She is more inclined toward legal research and writing and have prior experience in Civil and Criminal litigation and content writing.
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