Nspira Management Services Internal Audit Executive Interview Questions and Answers

Q1. Tell us about yourself a bit
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 using audit software and analyzing financial data
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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
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Q1. What was your role in your previous organization
Ans. 
I was responsible for conducting internal audits to assess the organization's risk management and control processes.
• Conducted internal audits to evaluate the effectiveness of risk management procedures

• Identified areas of improvement in control processes

• Reported findings and recommendations to management

• Collaborated with various departments to ensure compliance with policies and regulations
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Q2. Tell us about your top audit issues highlighted by you
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Q1. What is auditing?
Ans. 
Auditing is the process of evaluating an organization's financial records, internal controls, and compliance with regulations.
• Auditing involves examining financial statements and records to ensure accuracy and compliance.

• It also includes assessing internal controls to prevent fraud and errors.

• Auditors provide independent and objective assessments to help improve processes and ensure transparency.

• Examples include financ...read more
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Q1. What is Cash flow?
Ans. 
Cash flow is the movement of money in and out of a business, showing how much cash is generated or spent over a specific period of time.
• Cash flow is crucial for assessing a company's financial health and liquidity.

• Positive cash flow means more money is coming in than going out, while negative cash flow indicates the opposite.

• Examples of cash flow include revenue from sales, operating expenses, investments, and financin
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12 mins were given to solve 40 aptitude qns and seven 3 mins video were to be recorded based on your past experience.

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
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Q2. Articleship related qns.
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Q1. What are your salary expectations?
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Q2. Why are you looking for a change?
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Q3. Tell me about yourself.
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Q1. Why should we hire you?
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Q2. Share details of your previous job.
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Q3. What are your salary expectations?
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Q4. Tell me about yourself.
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