This document discusses various approaches to measuring the value of human resources (HR) for accounting purposes and conducting HR audits. It outlines seven approaches to HR accounting, including historical cost, replacement cost, opportunity cost, standard cost, present value of future earnings, reward valuation, and net benefit models. It also discusses the objectives of HR accounting as quantifying the economic value of employees and monitoring effectiveness. The document then defines HR audits as identifying and measuring HR data and communicating it to interested parties. It lists the objectives of HR audits as evaluating performance, identifying shortcomings, and verifying current practices. Finally, it outlines different approaches and types of HR audits.