Tax Law, Accounting and Audit · Audit, Accounting and Reporting
Human Resources (HR) audit reviews personnel records, employment procedures and internal HR administration for compliance and operational consistency. The process can be conducted as a stand-alone review or as part of a wider business audit before restructuring, inspection, acquisition or changes in management.
When an HR audit is useful
change of director, founder or HR manager;
reorganisation of branches or departments;
purchase, merger or integration of a business;
notice of an upcoming labour inspection;
planned staff reduction;
transfer of HR administration to an outsourcing provider;
long period since the previous HR review;
internal employment conflicts affecting business operations.
How the audit is performed
The review can take place at the company or remotely using scanned or electronic documents. Scope should be agreed in advance so that the audit covers the periods, employee categories and processes most relevant to management.
define the audit plan and, where necessary, issue an internal order;
collect employment contracts, HR records, policies and reports;
review documents and compare them with the applicable requirements;
identify gaps and inconsistencies;
prepare findings and recommendations;
confirm correction of identified deficiencies where this forms part of the assignment.
Areas commonly reviewed
HR administration for a newly launched business;
accuracy of personnel records;
employment and contractor documentation;
work on public holidays and weekends;
completeness and consistency of HR files;
procedures used across branches or departments.
Cost and duration depend on the period under review, number of employees and volume of documents rather than on the company name alone.
Scope and pricing factors
An HR audit can be ordered as a complete review or as a selected service. Work volume depends on the period covered, number of employees, number of business units and the amount of personnel documentation that must be examined.
Correcting findings
Audit value comes from closing identified gaps, not only listing them. Corrective work may include bringing employment files into order, updating internal documents, checking contracts with employees and contractors and aligning personnel procedures across branches or departments.
When an HR Audit Is Particularly Useful
Several trigger situations include: change of director or HR manager, acquisition or merger, planned staff reduction, transfer of documents to outsourcing, preparation for a state inspection, reorganisation of branches or departments, and a prolonged period since the previous review. Internal conflict affecting business operations can also justify a focused personnel review.
HR Audit Stages
The procedure may include an agreed audit plan and internal order, collection of legislation and personnel records, interviews or questionnaires where required, analysis of the documentation, preparation of the audit conclusion and recommendations, and confirmation that identified violations have been corrected.
HR audit result should give management a clear list of document gaps, employment-process risks and corrective actions. Completing the review before an inspection or transaction usually reduces the cost of fixing records under time pressure.
Why is it better with us?
The principal activities of the UBC group of companies are consulting, financial and investment services, search and selection of investors for business and attraction of loans, purchase and sale of established businesses in Ukraine, Europe and other countries, IT services, and development of commercial real estate in Ukraine and abroad. For the development of your business: registration of enterprises in Ukraine, ready-made companies in the EU, registration of companies in England and other countries, corporate law, offshore jurisdictions and offshore companies, business consulting, audit, certification, registration of LLCs, registration of financial companies, asset management companies, mutual investment funds, registration of joint-stock companies, issue of securities and bonds, and support for foreign investment.
The continuously expanding range of regional and foreign partners directly helps resolve our clients’ issues when conducting business both in Ukraine and abroad.
We are always focused on the result you need and will do everything to achieve it within the required timeframe, taking your wishes and requirements into detailed account! Why is it better to start business in Ukraine with UBC? The answer is simple - we have much more practical experience, resources and opportunities.
Price: Human Resources (HR) Audit in Ukraine