Deputy Manager Internal Audit Interview Questions and Answers

I will try to understand their perspective and provide additional evidence to support my observation.

• Listen to their concerns and try to understand their perspective

• Provide additional evidence to support my observation

• Discuss the issue with the audit team and seek their opinion

• If necessary, escalate the issue to higher management

• Maintain a professional and respectful attitude throughout the process

The procurement process involves several steps including identifying the need, selecting suppliers, negotiating contracts, and making payments. Compliance can be checked through audits and reviews.

• Identify the need for goods or services

• Select potential suppliers and issue a request for proposal (RFP)

• Evaluate proposals and select a supplier

• Negotiate contract terms and conditions

• Issue a purchase order

• Receive goods or services and verify quality and quantity

• Authorize payment

• Chec...read more

Internal audit should be adequate to ensure compliance and identify risks.

• Adequate internal audit should cover all areas of the organization.

• It should be performed regularly and independently.

• The scope of the audit should be comprehensive and risk-based.

• The audit team should have the necessary skills and expertise.

• The audit findings should be communicated effectively to management.

• Examples of areas to be audited include financial reporting, operations, and compliance.

• The audi...read more