– Internal Auditor Interview Questions –
Most people do not know that internal Auditors job positions exist or that they undergo regular interviews to be selected as every other staff employed in an organisation. Below are possible Internal Auditor Interview Questions and answers. Read through carefully.
As an Internal Auditor, you will examine, evaluate, and monitor the various activities of any business organization, where the activities may include improvement of management control, risk management, employee behaviour and information systems.
Internal Auditors are accounting professionals who provide organizations with guidance on financial accuracy, internal controls, and regulatory compliance.
They examine records, reports, operating practices, documentation, and other financial and risk management processes of the organization.
As an internal auditor, it’s your job to evaluate and improve the effectiveness of a company’s financial and operational activities.
Interviewers are looking for analytical individuals that can provide objective assessments of risk management, control, and governance processes.
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Expect interviewers to put your decision-making skills to the test with situational questions involving different risk management issues.
Internal Auditor Interview Questions and Answers 2022
Employers prefer candidates with a finance or accounting background who have an understanding of how businesses run, so be ready to discuss your technical business knowledge
1. What do you Know About our Company?
Employers commonly ask what you know about the company and how you can help them. The only way you can answer this question is if you’ve done your research in advance.
Be prepared to discuss what you know about the company, its products or services, competitors, and industry in general.
2. Differentiate Between Internal and External Audits?
External audit’s main focus is on the accuracy of the and annual report, while the internal audit has a wide perspective and looks into anything that is important for the organization’s success.
3. What are your Weaknesses?
The first thing to know when answering this question is that your interviewer is hoping to understand how you operate in the internal audit function and how your personality may affect your work.
Be honest in your response, mention a real weakness, but frame it as something you were made aware of, subsequently worked on, and have overcome and thus improved.
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4. What is an Internal Auditor?
An internal auditor is a professional who evaluates a company’s financial and business practices. They usually have an accounting degree, finance or a related business field.
Internal auditors should be organized and tactful and have strong critical thinking skills.
5. What do you Know About an Internal Auditor’s Role?
At some point, your interviewer is going to test your industry knowledge and you should be prepared to answer questions of this nature.
For example, they might ask you questions about how an internal auditor examines the financial records of his employer to ensure compliance with (GAAP), IRS rules, and other government regulations.
6. Why do you want to work with us?
This question is all about testing your preparation skills pre-interview. Your employer wants to know how motivated you are to work for his or her company, thus how well you’ve researched the company culture.
Use this question to identify which of their core values you share, your respect for their business ethos, and how you intend to uphold the vision they have created for their organization.
7. Can you Provide some Examples of Managing Conflict?
When it comes to conflict, what your interviewer is looking for is an internal auditor who can show a willingness to listen to and understand his or her colleagues’ and employers’ perspectives in order to work out a solution that is mutually agreeable.
The key here is collaboration leading to resolution.
8. What are your Salary Expectations?
This is in some ways a trick question. In that, they are trying to trick you into slipping up. Never answer this question directly.
Answer it with a question instead.
For instance, you can ask them about the range of the position and then explain that salary can depend on the details of the job of which there are many, but only mention a few.
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