Lead Auditor Interview Questions and Answers

Short or excess stock report should be handled by investigating the root cause and taking corrective actions.

• Investigate the root cause of the short or excess stock

• Identify any discrepancies in the inventory management system

• Take corrective actions to prevent future occurrences

• Implement measures to improve inventory accuracy

• Communicate findings and actions to the team and management

Change management process involves planning, implementing, and monitoring changes to ensure successful outcomes.

• Identify the need for change

• Plan the change including scope, resources, and timeline

• Communicate the change to stakeholders

• Implement the change with proper training and support

• Monitor and evaluate the change for effectiveness

• Make adjustments as needed

• Close the change management process with documentation

OFI stands for Opportunities for Improvement, while observation refers to findings noted during an audit.

• OFI (Opportunities for Improvement) are suggestions for enhancing processes or systems

• Observations are notes made during an audit regarding non-conformities or areas for improvement

• Both OFIs and observations are documented in audit reports for further action

• Examples: OFI - Implementing a new software system for better data management. Observation - Lack of training for emp...read more