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IFB Assistant Manager Internal Audit Interview Questions and Answers

Updated 9 Dec 2022

IFB Assistant Manager Internal Audit Interview Experiences

2 interviews found

I applied via Naukri.com and was interviewed in Jul 2021. There was 1 interview round.

Interview Questionnaire 

2 Questions

  • Q1. Key business procedures audited, SAP, Ind AS, Recent amendments in tax laws etc.
  • Q2. Answer as per experience.

Interview Preparation Tips

Interview preparation tips for other job seekers - Overall not that tough if one knows basic business procedures, has knowledge of SAP, Excel and is updated regarding recent amendments in Tax laws, Ind AS etc.

I applied via Naukri.com and was interviewed before Dec 2021. There were 2 interview rounds.

Round 1 - Technical 

(2 Questions)

  • Q1. Key audit Observations and Mitigation plans,
  • Q2. Knowledge of SAP, Excel etc.
Round 2 - Technical 

(2 Questions)

  • Q1. Key audit Observations and Mitigation plans
  • Q2. IFC and IFCR difference, knowledge of current affairs etc

Interview Preparation Tips

Interview preparation tips for other job seekers - Fairly easy. Just have few observations, you'll ace the interview

Assistant Manager Internal Audit Interview Questions Asked at Other Companies

Q1. What is Internal Audit?
asked in Deloitte
Q2. Risk control matrix and how did we do risk rating
Q3. Why General Insurance?
Q4. What are future Goals?
Q5. What is cash book?

Interview questions from similar companies

Interview experience
5
Excellent
Difficulty level
-
Process Duration
-
Result
-
Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Keep your resume crisp and to the point. A recruiter looks at your resume for an average of 6 seconds, make sure to leave the best impression.
View all tips
Round 2 - One-on-one 

(2 Questions)

  • Q1. Scrap process related
  • Q2. How to review scrap process and outcome
  • Ans. 

    Reviewing scrap process involves analyzing the steps taken and the final outcomes to identify areas for improvement.

    • Review the documentation and procedures related to the scrap process

    • Analyze the root causes of scrap, such as production errors or quality issues

    • Evaluate the effectiveness of current scrap prevention measures

    • Assess the financial impact of scrap on the organization

    • Implement corrective actions based on find...

  • Answered by AI
Round 3 - Technical 

(2 Questions)

  • Q1. Scrap and manpower related
  • Q2. Consumer goods and capital goods
Round 4 - Aptitude Test 

Reasoning, logical, technical, ethical

Interview Preparation Tips

Interview preparation tips for other job seekers - Food to work
Interview experience
5
Excellent
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Recruitment Consulltant and was interviewed in Apr 2023. There were 2 interview rounds.

Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Don’t add your photo or details such as gender, age, and address in your resume. These details do not add any value.
View all tips
Round 2 - Technical 

(3 Questions)

  • Q1. Machanic part product quality
  • Ans. 

    The mechanic part of a product plays a crucial role in determining its quality.

    • The quality of the mechanic part can affect the overall performance and durability of the product.

    • Regular maintenance and proper installation of mechanic parts are essential for product quality.

    • Examples: Engine components in a car, gears in a machine, bearings in a conveyor belt.

  • Answered by AI
  • Q2. Audit report and acel riport
  • Q3. Rac knowledge and ac introduction and refrigeration

Interview Preparation Tips

Interview preparation tips for other job seekers - Good job

IFB Interview FAQs

How many rounds are there in IFB Assistant Manager Internal Audit interview?
IFB interview process usually has 3 rounds. The most common rounds in the IFB interview process are Technical and Resume Shortlist.
What are the top questions asked in IFB Assistant Manager Internal Audit interview?

Some of the top questions asked at the IFB Assistant Manager Internal Audit interview -

  1. IFC and IFCR difference, knowledge of current affairs ...read more
  2. Key business procedures audited, SAP, Ind AS, Recent amendments in tax laws e...read more
  3. Key audit Observations and Mitigation pla...read more

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IFB Assistant Manager Internal Audit Salary
based on 5 salaries
₹8.5 L/yr - ₹10 L/yr
23% more than the average Assistant Manager Internal Audit Salary in India
View more details

IFB Assistant Manager Internal Audit Reviews and Ratings

based on 2 reviews

4.4/5

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3.4

Skill development

5.0

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3.4

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5.0

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3.4

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3.4

Work satisfaction

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