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Internal audit

$AcH!n G (Still Running for My Destination) (1036 Points)

25 August 2011

can you please tell what would be the best answer if you are asked the meaning of internal audit in an interview. and what kind of questions can be asked in an interview for the post of internal audit associate. pls tell me asap.

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8 Replies

CA Ayush Agarwal (Kolkata-Pune-Mumbai) (27344 Points)
Replied 25 August 2011

they will ask u most likely.......internal audit SA's

$AcH!n G (Still Running for My Destination) (1036 Points)
Replied 25 August 2011

please tell me anyone

$AcH!n G (Still Running for My Destination) (1036 Points)
Replied 25 August 2011

please mention frequently asked questions

CS,CA F,Numrologi TusharSampat (CS CA F Numerologist Astrologer Graph) (85935 Points)
Replied 25 August 2011

They may ask you any or all of the following q on internal audit:

Wat is internal audit?

Share your practical exp of wat work you have done in internal audit in your past work life?

They may give you a practicle sitauation of their client only and may ask you how will you do internal audit? may test your knowledge and confidence here.

They may ask you q on SIA -Standards on Internal Audit....do it vey thoroughly.

May ask you y u want to do internal audit work only ...

1 Like

Premlata Jain (Auditing) (192 Points)
Replied 26 August 2011

in addition to above, the best practice observed in ur past companies.

Any good observation during the audits which hv been appreciated by ur client / seniors or any audits apart from ur routine plan done by u like Fraud investigation audit etc.

What is process followed for Planning, Execution & finalisation of Internal Audit?

what r the key control to be followed for an audit area say for payroll operations from company point of view & not from auditor's point of u.

wht r the two types of controls & Risk?difference between Stat Audit & Internal Audit

Also prepare for the major controls & major risk for that industry in which u r going for the interview

Also go through the internal audit chapter also for the interview.

All the best...

sudarshan v k (Chartered Accountant ) (25 Points)
Replied 26 August 2011

they speacially ask to u how to control of internal mangement & daily operating routine & how to control on CASH & DETECT & PREVENT THE ERRORS & FRAUDS.IA MEANS CONTROL THE DAILY BUSINESS.

DIPESH VASA Helping Hand!!!!! (CA FINAL ) (441 Points)
Replied 26 August 2011

They May Ask Y Internal Audit Is necessary? Advanced controls In The fields Of finance, Management Internal Audit is Basically to mitigate The Risk And smooth Flow of bussines. they may ask u practical internal controls for some high risk areas.