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Article: The human resources audit: adding HR to the regular audit cycle can help ensure major risks aren't overlooked.(RESEARCH CONNECTION)
- Article from:
- Internal Auditor
- Article date:
- April 1, 2008
- Author:
CopyrightCOPYRIGHT 2008 Institute of Internal Auditors, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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TRENDS IN HUMAN RESOURCES (HR) management often find their way into the headlines, forcing organizations to take notice of their potential risks. Some recent issues include executive management ethics, skyrocketing health-care costs, employee fraud, and HR outsourcing.
Other risks associated with HR include noncompliance with employment laws, inadequate compensation and benefit plan design, not maintaining appropriate staffing levels, and poor record keeping. Despite all of these risks, internal auditors have only recently begun to consider regularly auditing the HR function.
Auditors may be surprised at the broad scope of HR issues to review. A ...