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RSM US in India
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RSM US in India Internal Auditor Interview Questions and Answers
RSM US in India Internal Auditor Interview Experiences
1 interview found
Anonymous
(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
- 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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Ayush
I applied via Naukri.com and was interviewed in Aug 2024. There was 1 interview round.
(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
- 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
- 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
- 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
- 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
Interview Preparation Tips
Skills evaluated in this interview
I applied via Referral and was interviewed in Aug 2024. There were 2 interview rounds.
12 mins were given to solve 40 aptitude qns and seven 3 mins video were to be recorded based on your past experience.
(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
- Q2. Articleship related qns.
General aptitude like psychometric tests
(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
Internal Auditor Interview Questions & Answers
Protiviti Consulting
vigneshwar D
posted on 22 Aug 2022
I applied via Referral and was interviewed in Jul 2022. There was 1 interview round.
(3 Questions)
- Q1. Explaining my Previous experience!
- Q2. Asked about configuration audits.
- Ans. How the tolerance were fixed in SAP
- Q3. ICFOR controls and sample tested.
- Ans. Controls were tested.and how the samples were collected.
Interview Preparation Tips
(1 Question)
- Q1. Internal audit questions p2p r2r
Interview Preparation Tips
I applied via campus placement at ICAI Institute of Chartered Accountants, Noida and was interviewed in Jan 2024. There was 1 interview round.
(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 ...
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...
- 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...
- 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...
Interview Preparation Tips
(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.
- 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
Interview Preparation Tips
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.
(3 Questions)
- Q1. What are your salary expectations?
- Q2. Why are you looking for a change?
- Q3. Tell me about yourself.
(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
Technical round had scenario questions
RSM US in India Interview FAQs
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RSM US in India Internal Auditor Interview Process
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