Deloitte Digital Manager Internal Audit Interview Questions and Answers

Two risks in inventory are obsolescence and theft.

• Obsolescence: Inventory becoming outdated or obsolete, leading to potential losses.

• Theft: Inventory being stolen, resulting in financial losses and potential disruptions in operations.

P2P process flow involves requisition, approval, purchase order creation, goods receipt, invoice receipt, and payment.

• Requisition: Request for goods or services is made by the user.

• Approval: Requisition is approved by the appropriate authority.

• Purchase Order Creation: Purchase order is generated based on the approved requisition.

• Goods Receipt: Goods or services are received and verified against the purchase order.

• Invoi...read more