BDO Internal Auditor Interview Questions and Answers

Q1. What are your salary expectations?
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Q2. Why are you looking for a change?
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Q3. Tell me about yourself.
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Q1. Why should we hire you?
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Q2. Share details of your previous job.
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Q3. What are your salary expectations?
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Q4. Tell me about yourself.
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Q1. What is auditing?
Ans. 
Auditing is the process of evaluating an organization's financial records, internal controls, and compliance with regulations.
• Auditing involves examining financial statements and records to ensure accuracy and compliance.

• It also includes assessing internal controls to prevent fraud and errors.

• Auditors provide independent and objective assessments to help improve processes and ensure transparency.

• Examples include financ...read more
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Q1. What is Cash flow?
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Cash flow is the movement of money in and out of a business, showing how much cash is generated or spent over a specific period of time.
• Cash flow is crucial for assessing a company's financial health and liquidity.

• Positive cash flow means more money is coming in than going out, while negative cash flow indicates the opposite.

• Examples of cash flow include revenue from sales, operating expenses, investments, and financin
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Q1. What do you understand by Audit
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Audit is a systematic examination of financial records, documents, transactions, and processes to ensure accuracy and compliance.
• Audit involves reviewing and evaluating financial statements and records

• It ensures compliance with laws, regulations, and company policies

• Auditors provide an independent and objective assessment of an organization's financial health

• Types of audits include internal, external, financial, operat...read more
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Q2. Types of auditor
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Types of auditors include internal auditors, external auditors, government auditors, and forensic auditors.
• Internal auditors work within an organization to evaluate and improve internal controls.

• External auditors are independent professionals who review an organization's financial statements for accuracy and compliance.

• Government auditors work for government agencies to ensure compliance with laws and regulations.

• Foren...read more
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Q1. What is your major audit observations
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Some major audit observations include inadequate documentation, lack of segregation of duties, and ineffective internal controls.
• Inadequate documentation of transactions and processes

• Lack of segregation of duties leading to potential fraud or errors

• Ineffective internal controls resulting in increased risk of misstatements

• Examples: missing invoices, one person handling both cash receipts and disbursements, lack of appro
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Q2. Checklist of P2P audit
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A checklist of P2P audit includes vendor verification, invoice approval process, segregation of duties, and payment reconciliation.
• Verify vendor information and ensure accuracy

• Review invoice approval process for compliance with policies

• Ensure segregation of duties to prevent fraud

• Reconcile payments with invoices and purchase orders
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Q3. Checklist of HR audit
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HR audit checklist includes reviewing policies, procedures, compliance, and employee records.
• Review HR policies and procedures to ensure compliance with laws and regulations

• Check employee records for accuracy and completeness

• Assess HR practices for effectiveness in recruitment, training, performance management, and employee relations

• Evaluate HR metrics and analytics to measure HR performance and identify areas for impr
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Q4. Tell us major SAP T codes
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SAP T codes are transaction codes used in SAP systems to execute specific functions or tasks.
• Some major SAP T codes include: SE11 (Data Dictionary), SE38 (ABAP Editor), SE16 (Data Browser), VA01 (Create Sales Order), ME21N (Create Purchase Order)

• T codes are used to access different modules and functionalities within SAP systems

• Users can also create custom T codes for specific tasks or reports
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Q5. How you will audit Fixed Assets
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Fixed assets audit involves verifying existence, valuation, and ownership of assets.
• Reviewing fixed assets register to ensure all assets are accounted for

• Physically inspecting assets to verify existence and condition

• Checking depreciation calculations to ensure accuracy

• Confirming ownership of assets through documentation

• Testing controls related to fixed assets management

• Reconciling fixed assets register with general led
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Q1. Tell me something about yourself?
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Q2. Revenue recognition step of Ind AS 115
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Revenue recognition under Ind AS 115 involves identifying performance obligations, determining transaction price, allocating price to obligations, and recognizing revenue as obligations are satisfied.
• Identify performance obligations - distinct goods or services promised to customer

• Determine transaction price - amount expected to be received in exchange for fulfilling obligations

• Allocate price to obligations - based on ...read more
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