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Abdullatif Al-Arfaj & Brothers Holding Co Internal Auditor/ Internal Controls Interview Questions and Answers
Abdullatif Al-Arfaj & Brothers Holding Co Internal Auditor/ Internal Controls Interview Experiences
1 interview found
Anonymous
Interview Questionnaire
2 Questions
- Q1. How you can find Fraud in reimbursement expenses eg. Driver's reimbursement expenses
- Ans.
To find fraud in reimbursement expenses, review receipts, compare to company policy, and investigate any discrepancies.
Review receipts for accuracy and legitimacy
Compare expenses to company policy and guidelines
Investigate any discrepancies or inconsistencies
Look for patterns or trends in expenses
Consider implementing a system for pre-approval of expenses
Train employees on proper expense reporting procedures
Conduct per
- Q2. Process of any activity is most important thing where we can set Authorities Signatures while Driver's duty sign in and sign out which authorize the work done by Driver for particular time. The Claimed am...
Interview Preparation Tips
Target answers first that on what Interviewer want or Interviewer looking for.
Be Neutral and share what you have.
Top trending discussions
Interview questions from similar companies
I applied via Naukri.com and was interviewed in Oct 2024. There was 1 interview round.
(2 Questions)
- Q1. Golden rule of accounting
- Ans.
The golden rule of accounting states that debit what comes in and credit what goes out.
Debit what comes in and credit what goes out
Helps maintain the balance in accounting records
Used to ensure accuracy in financial transactions
- Q2. Explain requirements of LFAR
- Ans.
LFAR stands for Long Form Audit Report, which is a detailed report prepared by auditors to provide a comprehensive analysis of a company's financial statements and internal controls.
LFAR is a regulatory requirement for banks and financial institutions in India, mandated by the Reserve Bank of India (RBI).
It includes detailed information on the financial position of the company, compliance with regulatory requirements, ...
General aptitude like psychometric tests
(2 Questions)
- Q1. Introduce about yourself
- Q2. What made you to choose audit domain
- Ans.
I chose the audit domain due to my strong analytical skills and attention to detail.
Enjoy analyzing data and identifying patterns
Have a keen eye for detail and accuracy
Interested in ensuring compliance and improving processes
Value the importance of risk management and internal controls
Selected
I applied via Referral and was interviewed in Aug 2023. There were 3 interview rounds.
(3 Questions)
- Q1. What are the processes you had covered in your articleship?
- Q2. What are the key risk areas and give an explain ?
- Ans.
Key risk areas for an internal auditor include fraud, compliance, operational, financial, and cybersecurity risks.
Fraud risk: Misappropriation of assets, financial statement fraud, corruption.
Compliance risk: Failure to comply with laws and regulations, industry standards.
Operational risk: Inefficiencies, errors, lack of internal controls.
Financial risk: Mismanagement of funds, inaccurate financial reporting.
Cybersecur...
- Q3. What are the assertions, explain it
- Ans.
Assertions are the representations by management in financial statements regarding the accuracy and completeness of information.
Assertions include existence, completeness, rights and obligations, valuation or allocation, and presentation and disclosure.
Existence - assets and liabilities exist at a given date
Completeness - all transactions and accounts that should be included are included
Rights and obligations - entity ...
(4 Questions)
- Q1. Which clients you worked on, what was the findings on the assignment?
- Q2. What clients expect from consultancy firms in regards to internal audit prospective?
- Ans.
Clients expect consultancy firms to provide expertise, objectivity, efficiency, and value in internal audit services.
Expertise in industry best practices and regulations
Objectivity in assessing risks and controls
Efficiency in conducting audits and delivering timely reports
Value in providing actionable recommendations for improvement
Examples: detailed audit plans, thorough risk assessments, clear communication of findin
- Q3. What is test of effectiveness and design ?
- Ans.
Test of effectiveness and design is a process used to evaluate the efficiency and adequacy of controls in place.
Test of effectiveness assesses whether controls are operating as intended.
Test of design evaluates the adequacy of controls to address risks.
Examples include testing the effectiveness of access controls by attempting unauthorized access, and testing the design of segregation of duties controls by reviewing jo...
- Q4. What can affect TOD and TOE of controls?
- Ans.
Various factors such as changes in regulations, technology, business processes, and personnel can affect the design and operating effectiveness of controls.
Changes in regulations can impact the design and operating effectiveness of controls by requiring updates to comply with new laws or standards.
Advancements in technology may render existing controls obsolete or ineffective, necessitating enhancements or replacements...
Interview Preparation Tips
- Internal Audit
- SOX Compliance
- assertion
- ifc testing
Quants ,logical reasoning
Interview Preparation Tips
(1 Question)
- Q1. Related to Audit and Banking
Interview Preparation Tips
Selected
I applied via Walk-in and was interviewed before Oct 2022. There were 3 interview rounds.
Lots of aptitude question with 10 difficulty
(2 Questions)
- Q1. What us your expected salary
- Q2. Target after 5 years
- Ans.
To become a certified internal auditor and take on a leadership role within the organization.
Obtain certification as a Certified Internal Auditor (CIA)
Develop strong leadership and communication skills
Take on more challenging audit assignments
Mentor junior auditors
Contribute to the strategic direction of the internal audit function
I applied via Company Website and was interviewed in Oct 2021. There was 1 interview round.
Interview Questionnaire
2 Questions
- Q1. Tell me about yourself
- Ans. Hi sir, I am Bala Gangadhra rao,I am from Perukalapudi,
- Q2. What are your greatest strengths
- Ans. My strengths is good professor in management
Interview Preparation Tips
I applied via Company Website and was interviewed before Oct 2021. There were 2 interview rounds.
(2 Questions)
- Q1. Subject specific questions to be asked
- Q2. Biology based questions
Interview Preparation Tips
I applied via Approached by Company and was interviewed in Sep 2023. There were 2 interview rounds.
(2 Questions)
- Q1. Tell me something about yourself
- Q2. About the family background
Interview Preparation Tips
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