Why should dependent audits be outsourced?
Dependent auditing is a specialty business that requires a deep and wide technical knowledge often exceeding the in-house knowledge and experience. For example, a high technology company recently conducted a dependent audit on its own. Less than 1% of the dependents were removed through this process primarily because the process fell apart. The client than reached out to HR Best Practices to “finish the job.” Moreover, HR should focus on strategic, value-add activities and not get into potential conflicts with employees regarding source document validity.
