KPMG India IT Internal Auditor Interview Questions and Answers

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
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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
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Q1. Why do you want to work for Blackrock?
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Q2. What is a recent news article you read?
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Q1. Why internal audit?
Ans. 
Internal audit allows me to utilize my analytical skills to identify risks, improve processes, and add value to the organization.
• Opportunity to identify and mitigate risks within the organization

• Improving processes and operational efficiency

• Contributing to the overall success and growth of the organization

• Utilizing analytical skills to provide valuable insights

• Continuous learning and development in a dynamic environmen
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Q2. What is a weakness of yours?
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Logical test with maths and finance

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Q1. Cv based qs on why you
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Q2. Why Deloitte and why you
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Q1. Please introduce yourself
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Test math problems and logic problems and work attitude test.

Q1. How to check Quality of tiles
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Q2. How to check Quality of paint work
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Q1. Privious Experience
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Q2. How salary Expecting
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They asked me about the experience of clubs when I was in the college and what abilities an auditor should have.

Q1. Difference between test of design & test of operating effectiveness in internal control
Ans. 
Test of design checks if control is designed effectively while test of operating effectiveness checks if control is working as intended.
• Test of design evaluates the design of internal control to ensure it is effective in achieving its objectives.

• Test of operating effectiveness evaluates whether the internal control is operating as intended and achieving its objectives.

• Test of design is performed before the implementati...read more
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Q1. Tell me about yourself
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