MockQuestions

Audit Manager Mock Interview

To help you prepare for your Audit Manager interview, here are 23 interview questions and answer examples.

Audit Manager was written by and published on February 7th, 2021. Learn more here.

Question 1 of 23

What qualities or skills do you believe a good auditor should possess?

How to Answer

This question is a good opportunity to show you have an understanding of what qualities make a good auditor. Some key areas to hit are ethics (honesty/integrity), an ability to interact with colleagues and clients (communication skills, people person), an ability to limit mistakes (focused/attention to detail), and an ability to get to the correct answer (skeptical/inquisitive/problem solver).

Written by Brian Schuchart on February 7th, 2021

Next Question

List of 23 Audit Manager Interview Questions & Answers

  • Behavioral

    1.

    What qualities or skills do you believe a good auditor should possess?

      How to Answer

      This question is a good opportunity to show you have an understanding of what qualities make a good auditor. Some key areas to hit are ethics (honesty/integrity), an ability to interact with colleagues and clients (communication skills, people person), an ability to limit mistakes (focused/attention to detail), and an ability to get to the correct answer (skeptical/inquisitive/problem solver).

      Written by Brian Schuchart on February 7th, 2021

      1st Answer Example

      "First and foremost, I believe an auditor should be honest and have great integrity. Without this, it would be impossible for the person to perform the role effectively. Next, the auditor should have the education and technical skills to perform the job. They should have exceptional people skills as they will be required to communicate effectively with colleagues, clients and other parties. They should have an inquisitive mind and a keen attention to detail. Finally, an auditor in a management position should have excellent communication skills."

      Written by Brian Schuchart on February 7th, 2021

  • Behavioral

    2.

    Imagine a staff auditor is making mistakes during audit fieldwork. How would you handle the situation?

      How to Answer

      Part of an Audit Manager's responsibility is making sure staff auditors are working efficiently and effectively. Describe the steps you would take to ensure that the mistakes being made by the staff auditor are corrected.

      Written by Brian Schuchart on February 7th, 2021

      1st Answer Example

      "As Audit Manager, it is my responsibility to make sure that all staff are performing their duties effectively. If a staff auditor is making mistakes, my first course of action would be to sit with them and discuss the situation. It could be as simple as they misunderstood the assignment. I feel a responsibility to share my knowledge with others. If the problem persists, I would discuss the issue with the Audit Partner and in extreme cases, discuss reassignment to other duties."

      Written by Brian Schuchart on February 7th, 2021

  • Behavioral

    3.

    How do you manage your manager? In other words, what steps do you take to make sure you get what you need from your boss and make both your lives easier?

      How to Answer

      Also known as 'managing up', 'managing your manager' is a soft skill that can be developed over time. It essentially means doing whatever is necessary to make your manager's job easier. Some clear-cut benefits of managing up include increased productivity and better working relationships between boss and employee.

      Written by Brian Schuchart on February 7th, 2021

      1st Answer Example

      "I am a firm believer in the benefits of managing my manager. At the end of the day, I want to make the internal audit engagements we work on together run as smoothly as possible. One area I really focus on is communicating and prioritizing workload on a regular basis. This ensures that I'm always working on the highest-priority items. Another thing that is crucial is understanding my manager's style. For example, maybe they prefer regular check-ins by email throughout the day or scheduled catch-up meetings, etc. Then, I tailor my communication to their style."

      Written by Brian Schuchart on February 7th, 2021

  • Behavioral

    4.

    How would you deliver excellent customer service to clients in your role as Audit Manager?

      How to Answer

      Being able to interact and communicate effectively with clients is a key skill for an auditor at any level, and also shows that the candidate possesses the ability to grow into larger roles within the organization, such as director and partner. Setting a good example for more junior staff is a key responsibility of an audit manager.

      Written by Brian Schuchart on February 7th, 2021

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  • Behavioral

    5.

    What would you do if during an audit you found an accounting practice that was suspicious?

      How to Answer

      This is an opportunity to highlight your integrity and honesty. The high-level answer should be obvious - that the concern must be addressed immediately.

      Written by Brian Schuchart on February 7th, 2021

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  • Behavioral

    6.

    Are you open to travel with this position?

      How to Answer

      The topic of travel will almost certainly come up during your interview. Many large firms send their auditors out in the field for a good portion of the year. Even smaller boutique firms require several overnight trips a year. Given this, be prepared to articulate how much travel you are comfortable with (for example, 25%, 50%, etc). Most job descriptions will include the expected amount of travel. The interviewer is gauging whether you are a candidate that is willing and able to meet the travel requirement, so try to align your answer with the expectation of the role.

      Written by Brian Schuchart on February 7th, 2021

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  • Behavioral

    7.

    Why do you want to work at ABC Public Accountants?

      How to Answer

      This question is an opportunity to show you have done your research on the firm. Be sure to mention some of the firm's biggest clients, as well as some of the industries they specialize in.

      Written by Brian Schuchart on February 7th, 2021

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  • Behavioral

    8.

    What is your experience with interacting with senior executives at various organizations?

      How to Answer

      An Audit Manager will be expected to interact with senior leadership of the firm's clients. Many times, the manager will be the highest ranking firm representative in the field. Highlight that you not only have experience presenting in front of leadership, but also that you are comfortable doing it. Be specific with what you presented.

      Written by Brian Schuchart on February 7th, 2021

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  • Behavioral

    9.

    How would you handle working in an increasingly remote environment?

      How to Answer

      This is a question to gauge if you are disciplined enough to work from home. Be sure to touch on how you would stay focused and communicate with team members. Even after things return to normal, remote work may continue to be more common across many industries, including auditing. Being able to effectively manage your projects with little supervision sets you up to be promoted to management roles in the future.

      Written by Brian Schuchart on February 7th, 2021

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  • Behavioral

    10.

    How would you describe your management style?

      How to Answer

      The interviewer is checking to see if you are an effective leader and are a good fit for their company culture. A good way to kick off your answer is to describe what you believe makes a strong manager. Then note that you have those qualities.

      Written by Brian Schuchart on February 7th, 2021

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  • Behavioral

    11.

    How do you mitigate and manage stress?

      How to Answer

      The life of an auditor can be stressful with a lot of travel and deadlines. The interviewer wants to gain insight into how you react to stressful situations.

      Written by Brian Schuchart on February 7th, 2021

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  • Technical

    12.

    What are analytical procedures and what are some examples?

      How to Answer

      Analytical procedures are techniques and methods that auditors use to obtain audit evidence, which allows them to express an audit opinion. The five main types of analytical procedures are analytical review, inquiry, observation, inspection, and recalculation.

      Written by Brian Schuchart on February 7th, 2021

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  • Technical

    13.

    In your opinion, why is it important for organizations to have effective internal controls?

      How to Answer

      Internal controls are rules, regulations, and safeguards that an organization puts in place to ensure integrity of financial information and to prevent fraud. There are several benefits to having robust and effective internal controls, including preventing fraud/theft, improving accuracy of financial reporting, and complying with laws and regulations.

      Written by Brian Schuchart on February 7th, 2021

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  • Technical

    14.

    What areas of public accounting or industries are you most interested in?

      How to Answer

      In large firms, there may be different divisions that focus on various areas of public accounting (auditing, taxation, etc). If the job description identifies which areas the role is focused, make sure you mention those areas in your answer.

      Written by Brian Schuchart on February 7th, 2021

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  • Technical

    15.

    What is the auditor's responsibility when planning an audit?

      How to Answer

      Auditing standard AU-C Section 300 Planning an Audit covers what the auditor's responsibility is during the planning phase of the audit. The engagement partner and other key members of the audit team should be involved. As a staff auditor, you will be heavily involved in the planning process, so it's important to brush up on the requirements detailed in the standard.

      Written by Brian Schuchart on February 7th, 2021

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  • Technical

    16.

    In an audit, who is primarily responsible for the prevention and detection of fraud?

      How to Answer

      According to auditing pronouncement AU-C Section 240, a company's management is primarily responsible for detecting fraud and preventing it in the first place, by having effective internal controls. An auditor must conduct an audit in accordance with GAAS (generally accepted auditing standards). However, given the limitations of an audit, there is an inherent risk that not all material misstatements will be detected.

      Written by Brian Schuchart on February 7th, 2021

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  • Technical

    17.

    What is the difference between fraud and error?

      How to Answer

      This is a technical topic covered in the auditing standards under AU-C Section 240. The key difference between fraud and error is that the former is intentional and the latter is unintentional. There are two main types of fraud that an internal auditor should be concerned with: fraudulent reporting and misappropriation of assets (ie theft).

      Written by Brian Schuchart on February 7th, 2021

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  • Technical

    18.

    How do you keep up with the latest developments in auditing standards?

      How to Answer

      This question is asked to determine if you take the initiative to stay current on the latest accounting developments. If you are a CPA, talk about how you use mandatory continuing education requirements to stay up to date on the latest trends and regulations.

      Written by Brian Schuchart on February 7th, 2021

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  • Technical

    19.

    What is the purpose of audit documentation?

      How to Answer

      This is a technical question, asked to see if you are able to articulate the information that is gathered in the field to support the audit. According to auditing standards (pronouncement AU-C Section 230), the two primary purposes of audit documentation are 1) to provide evidence to support the auditor's conclusion and 2) to provide evidence that the audit was planned and performed appropriately.

      Written by Brian Schuchart on February 7th, 2021

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  • Technical

    20.

    Explain how the Sarbanes-Oxley Act changed the auditing profession.

      How to Answer

      The Sarbanes-Oxley Act is major legislation passed in 2002 that substantially changed the accounting and auditing professions. It was enacted in response to major fraud scandals such as Enron and WorldCom. The interviewee should know the Act in detail, as it is a key driver of the profession, but a summary here will suffice.

      Written by Brian Schuchart on February 7th, 2021

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  • Technical

    21.

    As external auditors, how can we rely on the work of internal auditors?

      How to Answer

      As part of their responsibilities, internal auditors document policies and procedures. In some cases, external audit firms can rely on the work of the internal audit team in conducting the financial statement audit.

      Written by Brian Schuchart on February 7th, 2021

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  • Technical

    22.

    How do you feel past experience has prepared you for the Audit Manager role?

      How to Answer

      Be sure to highlight the different areas you were exposed to as a Staff/Senior Auditor. To not sound like a 'know it all', make sure to acknowledge that even in a manager role, there is still plenty to learn once you have been hired.

      Written by Brian Schuchart on February 7th, 2021

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  • Technical

    23.

    As an audit manager, what steps would you take to ensure audit fieldwork runs smoothly?

      How to Answer

      Auditors have a limited amount of time in the field and time must be utilized effectively. An Audit Manager is responsible for planning the audit and making sure the audit runs smoothly during fieldwork.

      Written by Brian Schuchart on February 7th, 2021

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