In India this type of HR Audit is a must in each and every public sector organisation and Government organisation or Institutions. So far we are not practicing this exercise. Due to that disinvestment, shutting down and VRS etc are taking place. If this exercise will bring some type of change in each and every employee of the above mentioned organisations. How a public rupee is spending on them is not understanding by the majority of employees. If possible please try this exercise in each government and public sector employee point of view.
Thanking you
Dr.K.Srinivasa Rao
public sector audit is different from private sector audit
public sector audit is different from private sector audit
An internal audit is conducted by an unbiased party within the company. An interim audit (which is an audit conducted before the end of the fiscal year) can be conducted by someone outside the company.
Internal audit is conducted by people from within the company. This is also known as first party audit. External audit is conducted by an independent party. Second or third party audits are external audits.
how is night audit being contributed?
Brenda Porter has written: 'Audit committees in private and public sector corporates in New Zealand'
this indicates that the audit will be conducted in accordance with the international auditing standards.
an audit by an independent organization
Public sector audit requirements refer to the standards and regulations governing the examination and evaluation of financial statements and operations of government entities and agencies. These audits ensure transparency, accountability, and compliance with laws and regulations, providing assurance that public funds are used effectively and efficiently. Such requirements often include adherence to specific auditing standards, such as those set by the Government Accountability Office (GAO) in the U.S. or international frameworks like the International Organization of Supreme Audit Institutions (INTOSAI). Ultimately, public sector audits aim to enhance public trust in government financial reporting and performance.
A public debt audit is an evaluation process conducted to assess the accuracy, legitimacy, and management of a government's debt obligations. Supreme Audit Institutions (SAIs) perform these audits by examining the financial records, compliance with regulations, and the efficiency of debt management practices. They analyze debt accumulation, repayment mechanisms, and the impact of debt on national finances, ensuring transparency and accountability in public borrowing. This process helps to identify risks and improve financial governance.
this indicates that the audit will be conducted in accordance with the international auditing standards.
The audit conducted at the business was comprehensive. In the sentence, comprehensive means that the audit encompassed all aspects of an audit.