Human resource (HR) audit means the systematic verification of job analysis, job description, job design, records of recruitment and selection, orientation and placement, training and development, job evaluation, performance appraisal, motivation and moral, compensation packages, welfare and social securities as well as industrial disputes and their solutions. An audit is a review and verification of completed transactions to see whether [...]
Here is an essay on ‘Cost Audit’ especially written for school and college students. Essay # 1. Definition of Cost Audit: 1. "Cost audit is the verification of the correctness of cost accounts and of the adherence to the cost accounting plan." [ICMA Termmology] 2. "Cost audit is an audit of efficiency, of minute details of expenditure while the work [...]
In this article we will discuss about various internal control questionnaires for audit areas. 1. Purchases and Creditors: At purchase department: 1. (a) Is the department separate and organised centrally? (b) Is it independent of Receiving and Accounts departments? 2. (a) Are purchases made only from approved? Suppliers? If so, is there any list? If not, why not? (b) Is [...]