Valueonshore Advisors Internal Auditor Interview Questions and Answers

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Q1. More about project
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Q1. Salary negotiation
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Q1. Like basic tableau and sql
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Q1. About myself and professional life
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Q2. Professional and personal life
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Q1. About myself and professional life
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Q2. Current job experience
Ans. 
I have 5 years of experience as an internal auditor in a multinational corporation.
• Performed financial audits to ensure compliance with regulations

• Conducted risk assessments and developed audit plans

• Communicated findings to management and recommended improvements

• Collaborated with external auditors during annual audits
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Q1. Tell me about yourself.
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 analyzing financial data and preparing reports

• Excellent communication and interpersonal skills
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Q2. Family background
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Q3. What activities did you engage in during your articleship?
Ans. 
During my articleship, I engaged in various activities such as auditing financial statements, conducting internal control reviews, and assisting in risk assessment.
• Auditing financial statements

• Conducting internal control reviews

• Assisting in risk assessment
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Q4. What is the process of conducting an internal audit?
Ans. 
The process of conducting an internal audit involves planning, executing, reporting, and follow-up.
• Plan the audit by defining objectives, scope, and methodology.

• Gather relevant data and evidence through interviews, document reviews, and observations.

• Analyze the data to identify risks, control weaknesses, and areas for improvement.

• Report findings to management and recommend corrective actions.

• Follow up on implementation...read more
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Q5. What is the difference between internal and statutory audits?
Ans. 
Internal audits are conducted by internal staff to evaluate and improve the effectiveness of risk management, control, and governance processes within an organization, while statutory audits are required by law and are conducted by external auditors to ensure compliance with financial reporting standards.
• Internal audits are conducted by internal staff, while statutory audits are conducted by external auditors.

• Internal ...read more
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Q1. How much u gain product knowledge and market knowledge in your previous company it will be tested in technical round and your interpersonal skill also.
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