Question

How to perform internal Audit procedures for the review of the human resources personnel Allowances process?

How to perform internal Audit procedures for the review of the human resources personnel Allowances process?

Business   Accounting   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

AUDIT PROCEDURE:

• Obtaining an understanding of operational procedures through reading relevant County policies and procedures, reading applicable regulations and interviewing various Human Resource personnel;

• Testing a sample of open positions, that had not yet been filled to determine the timeliness of screening eligible applicants and if reasons for applicant rejections were valid;

• Testing a sample of employees who took FMLA leave to determine if regulations and policies were followed;

• Testing a sample of employees who were promoted or transferred to determine if each employee met the minimum qualifications for the new position;

• Testing a sample of excess leave deduction updates to determine if balances were properly adjusted.

• Verifying the expenses incurred upon hiring process of employees which includes major areas such as advertisement, interview cost, training cost etc.

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
1.In a review engagement, which of the following is least likely to occur during the engagement?...
1.In a review engagement, which of the following is least likely to occur during the engagement? enquiries with management and other personnel. analytical procedures. review of the internal controls of the entity. substantive audit procedures.
In the audit of inventory the auditor must perform important procedures prior to the actual observation....
In the audit of inventory the auditor must perform important procedures prior to the actual observation. Identify the steps the auditor must take prior to the day the inventory is actually counted.
Which of the following is not a procedure normally performed while completing the audit of a...
Which of the following is not a procedure normally performed while completing the audit of a nonpublic company? Obtain a lawyer's letter. Obtain a representations letter. Perform an overall review using analytical procedures. Update internal control questionnaire.
The objectives of Internal Audit Procedures/Operations Manual do not include: A. Provide guidelines in planning and...
The objectives of Internal Audit Procedures/Operations Manual do not include: A. Provide guidelines in planning and performance of audits and ensure consistency B. Educateauditstaffoninternalauditfunction’smethodsofoperationand provide linkage to related standards, policies and procedures C. DetailthepositionofInternalAuditfunctioninthefirmanditsrelationshipto the other units/departments D. Be an electronic storage facility for detailed work papers of all completed audits
You are the internal audit senior responsible for conducting an assurance engagement of the XYZ Company payroll process.
You are the internal audit senior responsible for conducting an assurance engagement of the XYZ Company payroll process. This process has not been audited for three years and, as such, is due in the normal audit cycle. There have been no significant changes since the previous audit, that is, there were no system changes, no reorganization of personnel, and no substantive procedural changes. However, during the last assurance engagement, the internal audit function identified several observations, some of which were...
7. Financial statements of a non-public entity compiled without audit or review by an accountant, which...
7. Financial statements of a non-public entity compiled without audit or review by an accountant, which are expected to be used by a third party, should be accompanied by a report stating that: a) The scope of the accountant’s procedures has not been restricted in testing the financial information that is the representation of management. 
 b) The accountant assessed the accounting principles used and significant estimates made by management. 
 c) The accountant does not express an opinion or any other...
In the process to achieve corporate goals, cooperation and coordination among human resources is fundamental, explain...
In the process to achieve corporate goals, cooperation and coordination among human resources is fundamental, explain how communication and networks are related with these two key components?
Human Resources Assistant Internship At A Local Radio Station - Create a 1 page review of...
Human Resources Assistant Internship At A Local Radio Station - Create a 1 page review of your experience as a Human Resources Assistant Internship At A Local Radio Station. Include what you accomplished, additional skills you gained (time management, office etiquette, teamwork, leadership, problem-solving, communication). Include relationships you developed, observations that impressed you or impacted you, and coursework that you applied in your internship. Identify what you accomplished in your responsibilities. Please use complete sentences that are in your own...
As head of human resources for a fortune 500 company, discuss the HRM planning process and...
As head of human resources for a fortune 500 company, discuss the HRM planning process and include at least 3 aspects of HR oriented environmental scanning, giving examples of how they might impact the HR plan.
Which of the following audit procedures represents a test of details (also referred to as “detail...
Which of the following audit procedures represents a test of details (also referred to as “detail test”)? Examine the internal auditor’s initials on monthly bank reconciliations as an indication of whether they have been reviewed Confirm accounts payable balances directly with vendors Inquire about the accounts payable supervisor’s monthly review of a computer-generated exception report of receiving reports and purchase orders that have not been matched with a vendor invoice Examine vendors’ invoices and other documentation in support of recorded...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT