PayMe India Product Manager Interview Questions and Answers

Sourcing files involves identifying and obtaining relevant documents or information.

• Identify the specific files or documents needed for the task or project

• Utilize various sources such as databases, online repositories, and colleagues

• Request files from appropriate departments or individuals

• Organize and store files in a systematic manner for easy access

• Verify the accuracy and relevance of sourced files before using them

Risk based internal audit is an approach where audit resources are allocated based on the level of risk associated with different areas of the organization.

• Focuses on identifying and assessing risks that could impact the achievement of organizational objectives

• Prioritizes audit activities based on the level of risk involved

• Helps in ensuring that audit resources are utilized efficiently and effectively

• Involves developin...read more

RBI, ICAI, and IIA issue guidelines for internal audits.

• RBI guidelines focus on risk-based internal audit, independence of internal audit function, and reporting requirements.

• ICAI guidelines emphasize the importance of professional skepticism, objectivity, and confidentiality in internal audits.

• IIA guidelines stress the need for internal auditors to follow the International Standards for the Professional Practice of In