Cholayil Private Limited Internal Auditor Interview Questions and Answers

Cash handling miss match can be rectified by identifying the root cause and implementing corrective actions.

• Identify the source of the miss match

• Review the cash handling procedures

• Implement additional controls to prevent future miss matches

• Train employees on proper cash handling procedures

• Perform regular audits to ensure compliance

Cash handling miss match can be rectified by identifying the root cause and implementing corrective actions.

• Identify the cause of the miss match, such as errors in counting or recording transactions.

• Implement corrective actions, such as improving training or implementing new procedures.

• Regularly review and reconcile cash handling processes to prevent future miss matches.

• Ensure proper segregation of duties and oversight...read more

As an internal auditor, my future plans include gaining more experience, obtaining relevant certifications, and staying updated with industry trends.

• Continuously improving my knowledge and skills in auditing techniques and methodologies

• Obtaining certifications such as Certified Internal Auditor (CIA) or Certified Information Systems Auditor (CISA)

• Staying updated with changes in regulations and industry best practices

• De...read more

Cash short till is handled by investigating the cause of the shortage and taking appropriate actions.

• Investigate the cause of the shortage

• Check if there are any discrepancies in the cash handling process

• Take appropriate actions such as adjusting the till or reporting the issue to management

• Ensure that proper procedures are followed to prevent future shortages