Audit to compensation processes in companies of an emerging economy

Abstract

The main objective of this paper is to shows the audit results to the compensation process in 29 public and private organizations. The audit program is mainly focused in revising each stage of the compensation process previously identified and consists of the following: twelve attributes for the stage of diagnosis and analysis, thirty-three attributes for the planning and design phase, four attributes for the communication and review stage, eleven attributes to audit the implementation phase, six attributes to the evaluation stage and finally there are three attributes for the reformulation stage. Each one of these attributes have been defined by a number of risks. We have developed a series of procedures that the auditor should perform in order to have sufficient and competent evidence that support his opinion of the compensation process in the entity under analysis.