CES Compliance Executive Interview Questions and Answers

Internal audits can be conducted by following a systematic process to review and evaluate a company's operations, controls, and processes.

• Develop an audit plan outlining the objectives, scope, and methodology of the audit.

• Gather relevant documentation and data to analyze.

• Interview key personnel to understand processes and controls in place.

• Perform testing to assess compliance with policies and regulations.

• Document find...read more

Handle non compliance observations by addressing root causes, implementing corrective actions, and monitoring for future compliance.

• Investigate the root cause of the non compliance observation

• Develop and implement corrective actions to address the issue

• Train employees on compliance procedures to prevent future occurrences

• Regularly monitor and audit for compliance to ensure ongoing adherence

• Maintain open communication w...read more

External audits are conducted by independent third-party firms to review an organization's financial statements and internal controls.

• External audits are typically scheduled in advance and involve the auditors examining the organization's financial records, transactions, and processes.

• Auditors will assess the accuracy and completeness of the financial statements, as well as the effectiveness of internal controls in pla...read more