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Deloitte Internal Auditor Interview Questions, Process, and Tips
Top Deloitte Internal Auditor Interview Questions and Answers
- Q1. What are risks and controls, how u frame it?
- Q2. What made you to choose audit domain
- Q3. Flow of p2p and to construct rcm for any process
Deloitte Internal Auditor Interview Experiences
6 interviews found
Anonymous
General aptitude like psychometric tests
(2 Questions)
- Q1. Introduce about yourself
- Q2. What made you to choose audit domain
- Ans.
I chose the audit domain due to my strong analytical skills and attention to detail.
Enjoy analyzing data and identifying patterns
Have a keen eye for detail and accuracy
Interested in ensuring compliance and improving processes
Value the importance of risk management and internal controls
(2 Questions)
- Q1. Any two Risk in inventory
- Ans.
Two risks in inventory are obsolescence and theft.
Obsolescence risk: Inventory becoming outdated or obsolete due to changes in technology or consumer preferences.
Theft risk: Inventory being stolen by employees, customers, or external parties.
- Q2. Flow of p2p and to construct rcm for any process
- Ans.
P2P flow involves procurement and payment processes. RCM is a method to identify risks and controls in a process.
Understand the procurement process from requisition to payment
Identify key control points and risks in the process
Map out the flow of P2P process and construct a risk control matrix (RCM)
Ensure segregation of duties to prevent fraud
Implement controls such as approval workflows and vendor verification
Interview Preparation Tips
Next they ask you to construct an rcm from scratch for a process
I applied via Job Portal and was interviewed in Jul 2024. There was 1 interview round.
(2 Questions)
- Q1. Tell me about yourself
- Ans.
Experienced internal auditor with a background in finance and risk management.
Over 5 years of experience in auditing financial statements
Strong knowledge of risk assessment and internal controls
Proficient in using audit software such as ACL and IDEA
Led successful audits for Fortune 500 companies
- Q2. Why do you wanna join us
- Ans.
I am passionate about internal auditing and believe in the values and goals of your organization.
I have a strong background in auditing and compliance
I am impressed by your company's reputation for excellence in internal audit practices
I am excited about the opportunity to contribute to a dynamic and innovative team
What people are saying about Deloitte
Selected
I applied via Referral and was interviewed in Sep 2023. There were 2 interview rounds.
(2 Questions)
- Q1. Journal entries, differed tax assets, Accrued income
- Q2. Balance sheet, internal controls
(1 Question)
- Q1. Questions on my previous experience
Interview Preparation Tips
Deloitte interview questions for designations
CA Rakesh Sarma R
Selected
I applied via Approached by Company and was interviewed before Jun 2022. There were 3 interview rounds.
(2 Questions)
- Q1. Tell me about yourself
- Q2. Why you need change?
(3 Questions)
- Q1. Explain how u do audit
- Q2. Differentiate audits between various industries
- Ans.
Audits in different industries vary based on regulations, risks, and specific industry practices.
Regulations: Each industry has its own set of regulations that auditors must adhere to.
Risks: The risks faced by companies in different industries vary, impacting the focus of audits.
Industry practices: Auditors need to understand the specific practices and processes of each industry to effectively conduct audits.
Examples: ...
- Q3. What are risks and controls, how u frame it?
- Ans.
Risks are potential events that could negatively impact an organization, while controls are measures put in place to mitigate those risks.
Risks are uncertainties that could lead to financial loss, operational disruption, or reputational damage.
Controls are policies, procedures, and practices implemented to reduce the likelihood or impact of identified risks.
Examples of risks include fraud, cybersecurity threats, regula...
I applied via campus placement at Bharatiya Vidya Bhavan, Hyderabad and was interviewed in Oct 2020. There were 5 interview rounds.
Interview Questionnaire
1 Question
- Q1. Basic journal entries, difference between gross profit , net profit , cost of goods sold and revenue. IFRS meaning and standards
Interview Preparation Tips
HR round is all about what you write in resume like examples of how you possess a specific quality, future plans , why auditing, why deloitte and more about your achievements in college if you're a fresher.
Interview questions from similar companies
Ayush
I applied via Naukri.com and was interviewed in Aug 2024. There was 1 interview round.
(5 Questions)
- Q1. What is your major audit observations
- Ans.
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
- Q2. Checklist of P2P audit
- Ans.
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
- Q3. Checklist of HR audit
- Ans.
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
- Q4. Tell us major SAP T codes
- Ans.
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
- Q5. How you will audit Fixed Assets
- Ans.
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
Interview Preparation Tips
Skills evaluated in this interview
I applied via Referral and was interviewed in Aug 2024. There were 2 interview rounds.
12 mins were given to solve 40 aptitude qns and seven 3 mins video were to be recorded based on your past experience.
(2 Questions)
- Q1. Describe your self ?
- Ans.
I am a detail-oriented and analytical individual with a strong passion for ensuring accuracy and compliance in all aspects of my work.
Detail-oriented and analytical
Passionate about accuracy and compliance
Strong work ethic
Effective communication skills
Ability to work well under pressure
- Q2. Articleship related qns.
(2 Questions)
- Q1. Tell us your major audit observations
- Ans.
Major audit observations include inadequate documentation, lack of segregation of duties, and insufficient controls.
Inadequate documentation of transactions and processes
Lack of segregation of duties leading to potential fraud risks
Insufficient controls over financial reporting
Non-compliance with regulatory requirements
Weaknesses in IT security measures
- Q2. What checks shall be done in P2P Audit
- Ans.
Checks in P2P Audit include vendor verification, invoice accuracy, approval process review, duplicate payments detection, and compliance with policies.
Verify vendor information for accuracy and legitimacy
Ensure invoices match purchase orders and goods received
Review approval process to confirm proper authorization
Detect and prevent duplicate payments
Check for compliance with company policies and regulations
(2 Questions)
- Q1. Tell us about yourself a bit
- Q2. Do you have any prior experience in internal auditing
- Ans.
Yes, I have 5 years of experience in internal auditing in the banking industry.
I have 5 years of experience in internal auditing in the banking industry
Conducted regular audits to ensure compliance with regulations
Identified and addressed financial risks within the organization
Prepared detailed audit reports for management review
(2 Questions)
- Q1. What was your role in your previous organization
- Q2. Tell us about your top audit issues highlighted by you
Interview Preparation Tips
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Deloitte Internal Auditor Interview Process
based on 9 interviews
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