Human Resources Certification Institute (HRCI) Practice Exam

A review of the human capital management plan (HCMP) is most likely to occur in what type of audit?

1. A. Risk assessment

2. B. HR

3. C. GAAP

4. D. Internal revenue (tax)

The correct answer is: B. HR

The review of the human capital management plan (HCMP) is most likely to occur in an HR audit. This type of audit is specifically focused on evaluating the effectiveness and efficiency of human resource policies, practices, and procedures within an organization. During an HR audit, the HCMP would be scrutinized to ensure that it aligns with organizational goals, is compliant with labor laws, and effectively manages talent, employee engagement, and organizational culture. An HR audit assesses how well the workforce is being managed and whether the company is leveraging its human capital to achieve strategic objectives. This involves areas such as recruitment, retention, training and development, compliance with regulations, and overall workforce planning. By focusing on the HCMP in an HR audit, organizations can identify areas for improvement and make data-driven decisions to enhance workforce performance and align with future business needs.