Discuss the Internal Audit Function Within an Organization

question 127

Essay

Discuss the internal audit function within an organization.

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Definitions:

Pay Equity

The concept of ensuring that employees are compensated equally for work of equal value regardless of gender, race, or other unrelated factors.

Male Comparator Jobs

Reference occupations or roles typically dominated by men, used in evaluating job equality and assessing wage gaps against female-dominated jobs.

Inequitable Female Job Classes

Describes job categories or classifications that unfairly disadvantage women in terms of pay, opportunities, or treatment compared to male-dominated job classes.

Hay Plan

A method of job evaluation developed by the Hay Group that assesses positions on the basis of know-how, problem-solving ability, and accountability to determine relative worth.