How human resource audit are different from financial audit?
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human resource audit....means use of human capital...
financial audit.....means use of non-living things... I.e mechanical things.. eg...machines
financial audit.....means use of non-living things... I.e mechanical things.. eg...machines
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Auditing has been a routine exercise in the area of finance, especially because it is a statutory obligation.
However, in case of Human Resource, there is no legal binding to adopt auditing. Some of the companies nevertheless prefer to have Human Resource audits.
The human resource audit is based on the premise that human resource processes are dynamic and must continually be redirected and revitalized to remain responsive to the ever changing needs.
Human Resource Audits are not routine practices aimed at problem solving. Instead of directly solving problems, HR audits, like financial audits, help in providing insights into possible causes for current and future problems.
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