IIFL SAMASTA Senior Internal Auditor Interview Questions and Answers

Some questions of reasoning and some questions on accounting.journal entry cashbook etc

There should be an aptitude test which is totally based on commerce, general knowledge and computer

Q1. Tell me something about yourself
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Q2. What is balance sheet
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Q1. About the commerce golden rule
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Q2. What is profit and loss account
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Q3. What is debtors and creditors
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Q1. About myself and professional life
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Q2. Professional and personal life
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Q1. About myself and professional life
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Q2. Current job experience
Ans. 
I have 5 years of experience as an internal auditor in a multinational corporation.
• Performed financial audits to ensure compliance with regulations

• Conducted risk assessments and developed audit plans

• Communicated findings to management and recommended improvements

• Collaborated with external auditors during annual audits
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Q1. What is Auditor policy and rules
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Q2. What is the important role in the company organisation
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Q1. I will done with interview but I'm waiting for my feedback please respond
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Q1. I need feed back please
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Q1. Tell me about yourself and your experience in this field
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Q1. What is the best way of Cost Control
Ans. 
The best way of cost control is through budgeting, monitoring expenses, reducing waste, and negotiating with suppliers.
• Create a detailed budget outlining all expenses and revenue projections

• Regularly monitor expenses to identify any deviations from the budget

• Reduce waste by implementing efficient processes and procedures

• Negotiate with suppliers to secure better pricing and terms

• Implement cost-saving measures such as bu
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Q1. About ur family
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Q2. About ur studies
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Q1. Tell me about yourself
Ans. 
I am a highly motivated and detail-oriented individual with a passion for internal auditing.
• I have a Bachelor's degree in Accounting and over 5 years of experience in internal auditing.

• I am skilled in risk assessment, control evaluation, and audit planning.

• I have experience in conducting audits for various industries such as healthcare, finance, and manufacturing.

• I am proficient in using audit software such as ACL and ...read more
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Q2. What is your past experience
Ans. 
I have 5 years of experience in internal auditing for a multinational corporation.
• Worked on financial and operational audits

• Conducted risk assessments and developed audit plans

• Performed testing of controls and documented findings

• Presented audit reports to senior management

• Collaborated with cross-functional teams to implement recommendations

• Trained and mentored junior auditors
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Q3. Why you want to change your job
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Q4. How you make reports
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I gather data, analyze it, and present it in a clear and concise manner.
• Gather all relevant data and information

• Analyze the data to identify key findings and trends

• Organize the information in a logical and easy-to-understand format

• Include visual aids such as charts and graphs to enhance understanding

• Ensure the report is accurate, complete, and free of errors

• Tailor the report to the intended audience

• Provide recommendati
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