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Internal Audit Manager Interview
Questions

32 Questions and Answers by Rachelle Enns

Updated October 11th, 2018 | Rachelle is a job search expert, career coach, and headhunter
who helps everyone from students to fortune executives find success in their career.
Question 1 of 32
How will you add value to our company?
View Answer
How to Answer
Assure the hiring manager that you will immediately add value to their organization. Speak briefly of your plan to make a difference right away.
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Top 30 Internal Audit Manager Interview Questions with Full Content
1.
How will you add value to our company?
Assure the hiring manager that you will immediately add value to their organization. Speak briefly of your plan to make a difference right away.

Rachelle's Answer
"If I am successful in obtaining this position, I plan on making a difference immediately. My strong level of education as well as my managerial experience will add value to this position. I also have a very strong work ethic which you will notice immediately."
Anonymous Answer
"If I am successful in obtaining this position, I tend to make the difference immediately. I believe my strong level of education, as well as my managerial experience, will add value to the company. I also have a strong work ethic which you will realize immediately."
Rachelle's Answer
Your skills and qualities are good to mention; however, they are framed in a very general way. The interviewer would like to hear specifics. Make sure you stand out from other candidates!
"I plan to add value to your company by doing (A) and (B) in the first 90 days. My education in financial audits, as well as my experience in managing a team of 5 junior auditors, will be valuable to your company. My work ethic is solid, I never miss a deadline, and I am available to coach new trainees to work in the same manner."
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Anonymous Answer
"I plan to add value to your company by completing the required training and risk management activities on time and learn the IA function's methodology and apply them in the first 90 days. My qualifications and years of experience both in external and internal audit environment will be valuable to your company. I am trained to work under pressure, and I have strong management and planning skills."
Rachelle's Answer
Very specific and helpful. You do an excellent job highlighting how your skills will benefit the company, should they choose to hire you.
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2.
Why do you enjoy auditing?
How you answer this question could help the hiring manager to determine where you best fit within their organization.

Rachelle's Answer
"I enjoy auditing as a whole, however; the main reason that I enjoy auditing is because it's the perfect job for an analytical, organized person such as myself. I love knowing that I can make an impact on a company financially and organizationally."
Anonymous Answer
"While I enjoy auditing as a whole, I enjoy internal auditing mostly because I love knowing that I can make a difference within an organization. I enjoy knowing I have helped a particular organization to maintain compliance with laws and regulations. I have helped it to mitigate both financial and operational risks and also helped it to improve its internal controls."
Rachelle's Answer
Rather than burying the lead, give your reasoning right upfront.
"I enjoy auditing because I am fulfilled by helping organizations maintain compliance with laws and regulations. I like helping companies mitigate both financial and operational risks while improving its internal controls."
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Anonymous Answer
"I enjoy internal auditing because it provides a broad perspective to an organization where I get to know the real purpose and function of the entity. Internal auditing offers a variety in daily tasks, builds a relationship with a large network of people, adds value to the business by providing the third line of defense towards an effective control environment, governance, and risk management."
Rachelle's Answer
Nicely said! It seems you have a genuine desire to make a difference through your auditing knowledge.
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3.
Tell me about an inefficiency you detected during an audit.
Talk to the hiring manager about how you came across the inefficiency and how it impacted the company you were working for at the time.

Rachelle's Answer
"During my most recent operational audit I found that there was a great deal of improper duplication of responsibilities in job descriptions and cumbersome processes with very time-consuming steps. I made a recommendation to streamline these descriptions."
Anonymous Answer
"In my recent audit assignment, I discovered that the client was using manual accounting. I recommended to management that they purchase an accounting scanner which helps eliminate manual capturing of transactions through scanning of invoices and receipts. They could integrate it with the accounting software for allocation of transactions hence streamlining the accounting process."
Rachelle's Answer
This is a very good example of a process improvement you recognized. Did the client take your recommendations? What was the outcome?
"During my most recent audit assignment, I discovered that the client was leaning on manual accounting methods. My recommendation was to purchase an accounting scanner which would eliminate manual capturing of transactions through invoice and receipts scanning. This approach would allow for easy integration into the company's accounting software. The client agreed and made the change. So far, they are pleased with how my recommendation has helped them streamline their accounting process."
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4.
Tell me about your most significant career accomplishment.
The hiring manager is able to learn more about your personality through this question. You can make the answer a bit personal.

Rachelle's Answer
"My most significant career accomplishment comes from the position I am currently in. The company promoted to me to a management level position after just 3 months. The promotion was in response to my strong work ethic and level of reliability. I was very proud of that accomplishment."
Anonymous Answer
"My most significant career accomplishment was when I obtained my Chartered accountant qualification and gained membership in the Association of Certified Chartered Accountants. I am also looking to obtain a Certified Internal Auditor qualification since they just approved my application."
Rachelle's Answer
Good response. I have cleaned it up a bit in regards to grammar.
"My most significant career accomplishments include obtaining my Chartered Accountant qualification as well as my membership with the Association of Certified Chartered Accountants. My next accomplishment will be obtaining certification as an Internal Auditor. This application was recently approved."
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5.
Have you ever discovered fraud in an audit?
Tell the hiring manager about a time that you discovered fraud in an audit. Talk about your course of action and what the result was.

Rachelle's Answer
"In 2014 I discovered bank transfer fraud during an internal financial audit. I immediately followed our internal protocol set for situations such as this. The employee was found and charged with fraud. I was very satisfied with my work on that audit."
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