Assistant Internal Audit Manager Interview Questions and Answers

Audit focuses on examining financial records for accuracy and compliance, while business finance involves managing financial resources to achieve business goals.

• Audit involves reviewing financial records and processes to ensure accuracy and compliance with regulations, while business finance involves managing financial resources to achieve business goals.

• Audit is more focused on historical financial data and ensuring accuracy, while business finance is more forward-looking an...read more

The purchase process involves requesting, approving, ordering, receiving, and paying for goods or services.

• Requesting: Initiating the need for a purchase

• Approving: Obtaining authorization for the purchase

• Ordering: Placing the order with the vendor

• Receiving: Checking and accepting the goods or services

• Paying: Settling the payment for the purchase