HR Audit Report
Valdus concluded a major HR Audit with a multinational organisation to determine the overall efficacy of human resource operations, with a particular emphasis on time reporting accuracy and completeness. This included management’s procedures for verifying that the hours reported were worked and paid according to the right pay scale and differentials. A high-level examination of the hiring, recruiting, and terminating procedures was also included in the review.
Internal inspection For this evaluation, we used a risk-based process, which included the following steps:
- Reviewed policy and procedure documents pertaining to employee recruitment, employment, time reporting, and termination.
- Interviews with key HR people, scheduling, and payroll departments were conducted in order to acquire a thorough awareness of their processes, responsibilities, and risk management actions (e.g., management controls, policies and procedures, monitoring reports, etc.).
- Process maps for HR procedures were created, with risks and controls identified and gaps assessed. The maps were requested by management to aid in their process improvement initiatives.
- The operational efficacy of important controls that ensure compliance with business policies and procedures is assessed through corroboration, observation, and sample testing.
- Control flaws were discovered, as well as potential for operational improvement. Collaboration with management on action plans to improve the overall efficacy of risk management initiatives.
For more information about our HR Audit services, please contact us on +2302610909 or +2302612901 or email us at info@valdus.net
