TAILIEUCHUNG - Lecture Auditing and assurance services (International edition) - Chapter 12: Auditing the human resource management process

In this chapter, the learning objectives are: Develop an understanding of the human resource management process, be familiar with the types of transactions in the human resource management process and the financial statement accounts affected. | Chapter Twelve Auditing the Human Resource Management Process Overview of the Human Resource Management Process The human resource process starts with the establishment of sound policies for hiring, training, evaluating, counseling, promoting, compensating and taking remedial actions for employees. The main concern of the auditor involves payroll transactions once an employee has been hired. Flowchart for EarthWear Clothiers Operating Human Resource Departments Payroll Initiates personnel changes Payroll master file changes Reviews master file change report Review By date Payroll master file changes Time cards Approved by supervisor Time cards Input Error corrections From IT To IT Flowchart for EarthWear Clothiers Payroll Departments IT Payroll master file Error report Payroll processing Payroll cheques Payroll register Error corrections Payroll register Review by date Payroll master file changes report Payroll reporting General ledger Periodic payroll reports Tax reports and forms Financial Statement Accounts Affected Types of Documents and Records The Major Functions Segregation of Duties Inherent Risk Assessment In assessing inherent risk the auditor may want to consider the effect of economic conditions on payroll costs, the supply of skilled workers and the frequency of employee turnover. The auditor should be familiar with any existing labour contracts and the impact of regulation on the company. The inherent risk associated with non-officers of the company is generally considered low. The inherent risk associated with officers of the company may not be considered low because of the ability to take advantage of their high position. Control Risk Assessment Understanding and documenting the human resource management process based on a reliance approach. Setting and documenting the control risk for the human resource management process. Planning and performing tests of controls on payroll transactions. Control Activities and Test of Controls – Payroll .

• Kế toán - Kiểm toán
• Financial statement auditing
• Audit planning
• Internal control
• Auditing business processes
• Human resource management process
• Human resource
• Auditing services
• Assurance services
• Auditing internal control
• Financial statement auditing environment
• Auditing demands logic
• Auditing environment
• Financial reporting
• Income statement accounts
• Financial statement audit
• Auditing the purchasing process
• Auditing the financing
• Internal auditing services