The Akshaya Patra Foundation Internal Audit Executive Interview Questions and Answers

Automobiles industry audit focuses on manufacturing processes and supply chain management while food industry audit focuses on food safety and quality control.

• Automobiles industry audit focuses on manufacturing processes and supply chain management

• Food industry audit focuses on food safety and quality control

• Automobiles industry audit may involve assessing compliance with environmental regulations

• Food industry audit ma...read more

Auditors check FIFO by examining the inventory records and ensuring that the oldest items are sold or used first.

• Auditors review inventory records to determine the date of acquisition for each item

• They compare the date of acquisition to the date of sale or use to ensure that the oldest items are sold or used first

• They may also physically inspect the inventory to confirm that the oldest items are located at the front of...read more

SKU is a unique identifier for a product, MOU is a Memorandum of Understanding, and BOM is a Bill of Materials.

• SKU stands for Stock Keeping Unit and is used to identify and track products in inventory.

• MOU is a legal document that outlines the terms and details of an agreement between two or more parties.

• BOM is a list of all the materials and components needed to manufacture a product.

• SKU and BOM are commonly used in ma...read more