IIFL Finance Internal Auditor Interview Questions and Answers

Q1. Like basic tableau and sql
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Based on sql queries

Q1. What information do you have regarding SEBI circulars?
Ans. 
SEBI circulars are regulatory guidelines issued by the Securities and Exchange Board of India.
• SEBI circulars are regulatory guidelines issued by the Securities and Exchange Board of India to ensure compliance and transparency in the securities market.

• These circulars cover a wide range of topics including disclosure requirements, investor protection, market conduct, and regulatory compliance.

• SEBI circulars are important...read more
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Q1. Tell me about yourself.
Ans. 
Experienced internal auditor with a background in finance and risk management.
• Over 5 years of experience in internal auditing

• Strong background in finance and risk management

• Skilled in conducting audits, identifying risks, and implementing controls

• Proficient in analyzing financial data and preparing reports

• Excellent communication and interpersonal skills
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Q2. Family background
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Q3. What activities did you engage in during your articleship?
Ans. 
During my articleship, I engaged in various activities such as auditing financial statements, conducting internal control reviews, and assisting in risk assessment.
• Auditing financial statements

• Conducting internal control reviews

• Assisting in risk assessment
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Q4. What is the process of conducting an internal audit?
Ans. 
The process of conducting an internal audit involves planning, executing, reporting, and follow-up.
• Plan the audit by defining objectives, scope, and methodology.

• Gather relevant data and evidence through interviews, document reviews, and observations.

• Analyze the data to identify risks, control weaknesses, and areas for improvement.

• Report findings to management and recommend corrective actions.

• Follow up on implementation...read more
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Q5. What is the difference between internal and statutory audits?
Ans. 
Internal audits are conducted by internal staff to evaluate and improve the effectiveness of risk management, control, and governance processes within an organization, while statutory audits are required by law and are conducted by external auditors to ensure compliance with financial reporting standards.
• Internal audits are conducted by internal staff, while statutory audits are conducted by external auditors.

• Internal ...read more
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Q1. What are your salary expectations?
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Q2. What is your family background?
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Q3. Share details of your previous job.
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Q4. Why should we hire you?
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Q5. Why are you looking for a change?
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Q6. What are your strengths and weaknesses?
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Q7. Tell me about yourself.
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Q1. How much u gain product knowledge and market knowledge in your previous company it will be tested in technical round and your interpersonal skill also.
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Q1. Experience previous organization related questions
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Q1. About stocks and mutual funds
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Q1. Tell me about yourself
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