What are the advantages and disadvantages of an hr audit?

Answer 1

ddytreytry5

Answer 2

Advantages of an audit

1. because an audit is performed by an independent person, his decisions are chosen to fair and free and thus helps to settle dispute among management of an organization.

2. In terms of applying for loan from lenders or financial institution, the auditors report can strengthen the application of the organization.

3. It enable the auditors to give constrictive advice to management on improving the efficiency of an organization

4. It also enables stakeholders to determine how relevant the financial statement of an organization is and thus take important decision towards them.

5. it also helps organizations to comply with various legislation and standards in financial statement reporting

Disadvantages of an audit

1. It reveal the remuneration of the board of director which is one major activity management of an organization wishes not to display in public

2. It reveals the financial performance of an organization thus scare off investors if reported that the organization performance is declining consistently

3. Accountant are held liable for any discrepancy/ misinformation is revealed by the auditor that their report does not conform to the legislation and standard of account

By Barnes Eric Gavua

Accra - Ghana

+233202088832

Answer 3

Advantage:

- avoids independence and familiarity threats

- increase investors confidence

- objectivity / diff view or perspective

- best practices and current development

Disadvantages:

- costs ( costs benefit analysis)

-lack of understanding of co and its industry

- acceptance by co's staff ( relationship problem)

- over-dependence-- reduce learning curve

- may not be available when u need them

Answer 4

advantages and disadvantages continuous audit.

Answer 5

What are advantages of human resources auditing

Answer 6

[object Object]