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RSM US in India Internal Auditor Interview Questions and Answers

Updated 18 Sep 2024

RSM US in India Internal Auditor Interview Experiences

1 interview found

Interview experience
3
Average
Difficulty level
-
Process Duration
-
Result
-
Round 1 - Technical 

(2 Questions)

  • 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

  • Answered by AI
  • 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

  • Answered by AI

Interview questions from similar companies

Interview experience
4
Good
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Not Selected

I applied via Naukri.com and was interviewed in Aug 2024. There was 1 interview round.

Round 1 - Technical 

(5 Questions)

  • Q1. What is your major audit observations
  • Ans. 

    Some major audit observations include inadequate documentation, lack of segregation of duties, and ineffective internal controls.

    • Inadequate documentation of transactions and processes

    • Lack of segregation of duties leading to potential fraud or errors

    • Ineffective internal controls resulting in increased risk of misstatements

    • Examples: missing invoices, one person handling both cash receipts and disbursements, lack of appro

  • Answered by AI
  • Q2. Checklist of P2P audit
  • Ans. 

    A checklist of P2P audit includes vendor verification, invoice approval process, segregation of duties, and payment reconciliation.

    • Verify vendor information and ensure accuracy

    • Review invoice approval process for compliance with policies

    • Ensure segregation of duties to prevent fraud

    • Reconcile payments with invoices and purchase orders

  • Answered by AI
  • Q3. Checklist of HR audit
  • Ans. 

    HR audit checklist includes reviewing policies, procedures, compliance, and employee records.

    • Review HR policies and procedures to ensure compliance with laws and regulations

    • Check employee records for accuracy and completeness

    • Assess HR practices for effectiveness in recruitment, training, performance management, and employee relations

    • Evaluate HR metrics and analytics to measure HR performance and identify areas for impr

  • Answered by AI
  • Q4. Tell us major SAP T codes
  • Ans. 

    SAP T codes are transaction codes used in SAP systems to execute specific functions or tasks.

    • Some major SAP T codes include: SE11 (Data Dictionary), SE38 (ABAP Editor), SE16 (Data Browser), VA01 (Create Sales Order), ME21N (Create Purchase Order)

    • T codes are used to access different modules and functionalities within SAP systems

    • Users can also create custom T codes for specific tasks or reports

  • Answered by AI
  • Q5. How you will audit Fixed Assets
  • Ans. 

    Fixed assets audit involves verifying existence, valuation, and ownership of assets.

    • Reviewing fixed assets register to ensure all assets are accounted for

    • Physically inspecting assets to verify existence and condition

    • Checking depreciation calculations to ensure accuracy

    • Confirming ownership of assets through documentation

    • Testing controls related to fixed assets management

    • Reconciling fixed assets register with general led

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Read your resume first, prepared for top audit observations and checklist points of each internal audit area. Learn t code list of SAP.

Skills evaluated in this interview

Interview experience
3
Average
Difficulty level
Easy
Process Duration
Less than 2 weeks
Result
Not Selected

I applied via Referral and was interviewed in Aug 2024. There were 2 interview rounds.

Round 1 - Aptitude Test 

12 mins were given to solve 40 aptitude qns and seven 3 mins video were to be recorded based on your past experience.

Round 2 - Technical 

(2 Questions)

  • 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

  • Answered by AI
  • Q2. Articleship related qns.
Interview experience
3
Average
Difficulty level
-
Process Duration
-
Result
-
Round 1 - Aptitude Test 

General aptitude like psychometric tests

Round 2 - One-on-one 

(2 Questions)

  • Q1. Introduce about yourself
  • Q2. What made you to choose audit domain
  • Ans. 

    I chose the audit domain due to my strong analytical skills and attention to detail.

    • Enjoy analyzing data and identifying patterns

    • Have a keen eye for detail and accuracy

    • Interested in ensuring compliance and improving processes

    • Value the importance of risk management and internal controls

  • Answered by AI

I applied via Referral and was interviewed in Jul 2022. There was 1 interview round.

Round 1 - One-on-one 

(3 Questions)

  • Q1. Explaining my Previous experience!
  • Q2. Asked about configuration audits.
  • Ans. How the tolerance were fixed in SAP
  • Answered by vigneshwar D
  • Q3. ICFOR controls and sample tested.
  • Ans. Controls were tested.and how the samples were collected.
  • Answered by vigneshwar D

Interview Preparation Tips

Interview preparation tips for other job seekers - Good round of discussion i had with them initially the approach was good . they are frinedly if i have gone wrong they were correcting me then and there.
Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Keep your resume crisp and to the point. A recruiter looks at your resume for an average of 6 seconds, make sure to leave the best impression.
View all tips
Round 2 - One-on-one 

(1 Question)

  • Q1. Internal audit questions p2p r2r

Interview Preparation Tips

Interview preparation tips for other job seekers - be calm and have good communication skills
Interview experience
4
Good
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Not Selected

I applied via campus placement at ICAI Institute of Chartered Accountants, Noida and was interviewed in Jan 2024. There was 1 interview round.

Round 1 - Technical 

(2 Questions)

  • Q1. Tell me something about yourself?
  • Q2. Revenue recognition step of Ind AS 115
  • Ans. 

    Revenue recognition under Ind AS 115 involves identifying performance obligations, determining transaction price, allocating price to obligations, and recognizing revenue as obligations are satisfied.

    • Identify performance obligations - distinct goods or services promised to customer

    • Determine transaction price - amount expected to be received in exchange for fulfilling obligations

    • Allocate price to obligations - based on ...

  • Answered by AI

I applied via Naukri.com and was interviewed in Nov 2021. There were 3 interview rounds.

Interview Questionnaire 

4 Questions

  • Q1. How I can grow!
  • Q2. Where I see myself in 5 years
  • Ans. 

    In 5 years, I see myself as a senior internal auditor leading a team and contributing to the strategic decision-making process.

    • Leading a team of auditors and providing guidance and mentorship

    • Contributing to the development and implementation of audit strategies

    • Playing a key role in the decision-making process by providing valuable insights and recommendations

    • Continuously improving my skills and knowledge through profes...

  • Answered by AI
  • Q3. What my current experience was!
  • Ans. 

    I have 5 years of experience as an Internal Auditor.

    • I have worked as an Internal Auditor for 5 years.

    • During my experience, I have conducted financial audits, operational audits, and compliance audits.

    • I have experience in analyzing financial statements, identifying risks, and recommending improvements.

    • I have worked with cross-functional teams to implement audit recommendations and ensure compliance.

    • I have also conducted...

  • Answered by AI
  • Q4. What I know about internal audit practice!
  • Ans. 

    Internal audit practice involves evaluating and improving the effectiveness of an organization's risk management, control, and governance processes.

    • Internal audit is an independent and objective assurance activity

    • It helps organizations achieve their objectives by bringing a systematic and disciplined approach to evaluate and improve processes

    • Internal auditors assess risks, test controls, and provide recommendations for...

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Be real and don’t think of lying.
Interview experience
5
Excellent
Difficulty level
-
Process Duration
-
Result
-
Round 1 - One-on-one 

(2 Questions)

  • Q1. Any two Risk in inventory
  • Ans. 

    Two risks in inventory are obsolescence and theft.

    • Obsolescence risk: Inventory becoming outdated or obsolete due to changes in technology or consumer preferences.

    • Theft risk: Inventory being stolen by employees, customers, or external parties.

  • Answered by AI
  • Q2. Flow of p2p and to construct rcm for any process
  • Ans. 

    P2P flow involves procurement and payment processes. RCM is a method to identify risks and controls in a process.

    • Understand the procurement process from requisition to payment

    • Identify key control points and risks in the process

    • Map out the flow of P2P process and construct a risk control matrix (RCM)

    • Ensure segregation of duties to prevent fraud

    • Implement controls such as approval workflows and vendor verification

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - They generally ask risk in p2p, o2c , hire to retire and ask the flow end to end
Next they ask you to construct an rcm from scratch for a process

I applied via Naukri.com and was interviewed in Jan 2022. There were 3 interview rounds.

Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Don’t add your photo or details such as gender, age, and address in your resume. These details do not add any value.
View all tips
Round 2 - HR 

(3 Questions)

  • Q1. What are your salary expectations?
  • Q2. Why are you looking for a change?
  • Q3. Tell me about yourself.
Round 3 - HR 

(4 Questions)

  • Q1. Why should we hire you?
  • Q2. Share details of your previous job.
  • Q3. What are your salary expectations?
  • Q4. Tell me about yourself.

Interview Preparation Tips

Interview preparation tips for other job seekers - Be confident on ur answers
Technical round had scenario questions

RSM US in India Interview FAQs

How many rounds are there in RSM US in India Internal Auditor interview?
RSM US in India interview process usually has 1 rounds. The most common rounds in the RSM US in India interview process are Technical.
What are the top questions asked in RSM US in India Internal Auditor interview?

Some of the top questions asked at the RSM US in India Internal Auditor interview -

  1. Tell us your major audit observati...read more
  2. What checks shall be done in P2P Au...read more

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RSM US in India Internal Auditor Interview Process

based on 1 interview

Interview experience

3
  
Average
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