As an internal audit manager, it is very important that you are able to take complicated data, analyze it, and turn it into easy to understand flowcharts and presentations.
Internal Audit Manager Interview Questions
Are you skilled in creating flowcharts, presentations and reports?
As an internal audit manager, it is very important that you are able to take complicated data, analyze it, and turn it into easy to understand flowcharts and presentations.
"I am highly skilled in creating presentations, reports and flow charts. This type of work accounts for approximately 25% of my work day. For the creation of these reports, I am an expert user in Microsoft Excel and Powerpoint."
"I am highly experienced in creating PowerPoint presentations, reports for the Audit Committee, and documenting a process using flowcharts. Audit and AC Reports and PowerPoint presentations are two of our key deliverables; therefore, I must deliver these to the highest quality. In my role, report writing is one of my primary responsibilities. Once I've written the draft of my report, I will self-review my work and assess whether I am delivering the right message, and I am using the right tone. I will not submit the report for someone's review unless I am happy with my draft."Rachelle's Answer
Fantastic answer! You are very thorough in your response, which will leave any interviewer confident in your abilities.Was this answer helpful? Yes (1) or No (0)Thank you, your vote helps us display the best answers.
Do you have your CPA designation? If not, do you plan on obtaining it?
CPA designation is important to have as an internal audit manager but not always a requirement of the position.
"Yes, I achieved my CPA designation 3 years ago from Yorkville university. I am happy that I chose to obtain it as I feel it is a very helpful asset for me as an audit manager."
"I have not completed my CPA as of yet, however; I understand the importance of this designation. My goal is to begin this coursework by the end of this year."
"I do not have it, but I have already enrolled to pursue it."Rachelle's Answer
If you can, offer up additional details such as which association or organization you are registered with, to obtain your CPA. Also, begin your response with a positive versus a "do not have" statement.
"I am currently enrolled with (Association) to obtain my CPA designation. This designation should be complete by the Fall of 2020."Was this answer helpful? Yes or NoThank you, your vote helps us display the best answers.
How do you remain focused during a day filled with number crunching and paying acute attention?
Being an audit manager can be tedious, detailed work. Tell the hiring manager how you manage to keep your focus on even the most mundane and repetitive days.
"I remain focused on the job by double checking my work on a consistent basis, especially if I am becoming a bit tired when working overtime. The work becomes a bit repetitive but I do really enjoy auditing so it doesn't happen to me too often."
"I list the tasks that I need to complete on a day and prioritize them depending on urgency. I will set a definite time to finish a job and aim to finish within my allotted time. I check on my progress by mid-day, and if delays are coming, I will meet with the members of the team and will ask if they could help."Rachelle's Answer
It sounds as though you are highly prepared and very organized! It's great that you are also willing to ask for help from others.Was this answer helpful? Yes or NoThank you, your vote helps us display the best answers.
In your opinion, what qualities make a great leader?
Talk about any leaders or mentors that you have had, and they similar qualities they had. How do you fit in as a leader? Do you emulate these qualities?
"I have had a few really great mentors and leaders in my life and they all have similar qualities. Patience, an analytical mind, and a strong set of personal morals and values. When these qualities are combined, it simply adds up to great leadership."
"In my opinion, a great leader is the one who has empathy, a high level of integrity, and who is reliable and professional."Rachelle's Answer
Great! I cleaned up the wording a grammar.
"A great leader is one who shows empathy and a high level of integrity. As a leader, it is also important to be reliable, and professional."Was this answer helpful? Yes (1) or No (1)Thank you, your vote helps us display the best answers.
How do you manage a healthy work/life balance?
This question is intended for the hiring manager to get to know you on a personal level just a little bit better. You can keep the answer brief and be sure to remain positive.
"I manage a healthy work/life balance by making the best of the time I have at work, and at home. I am organized which helps me greatly when it comes to time saving. I do tend to work a bit too late at times but I am always sure to avoid burnout by incorporating sleep, healthy eating and exercise into my daily plan."
"When I am not at work, I ensure that I spend quality time with my husband and my son. I also go out often with friends to unwind after a long week of work. I also visit my parents on weekends."Rachelle's Answer
Your response may be more on the personal side than the interviewer is looking for. Try explaining how you ensure that you remain emotionally balanced at work.
"To maintain a healthy work-life balance, ensuring peak work performance, I build downtime into my schedule. I plan my week according to my responsibilities and make sure to give myself the family and friend time that recharges me, on the evenings and weekends."Was this answer helpful? Yes or NoThank you, your vote helps us display the best answers.
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.
"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."
"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."Was this answer helpful? Yes or NoThank you, your vote helps us display the best answers.
As a manager, what skills do you possess that help you excel at your job?
As an internal audit manager, what skills do you feel are most important in order to be successful? Do you possess these skills? Demonstrate to the hiring manager that you are able to excel in this role.
"I feel that as an audit manager, the most important skills for me to possess are integrity, attention to detail and strong organization. With these three skills, I am able to successfully manage, lead, and be an effective employee."
"I am professional in my work. I have a strong work ethic. I am always willing to go the extra mile. I am not afraid of challenges. I am able to work well under pressure. I also have good report writing skills."Rachelle's Answer
It's great that you mentioned your report writing skills. These are the specific examples that an interviewer would be looking for. Most candidates will say 'work ethic...extra mile...unafraid of challenges...work well under pressure.' These are all canned responses that will put you in the same category as the other candidates. What other skills do you have that are unique and memorable?
"The top skills that help me as a manager include my ability to write excellent reports, as well as my emotional intelligence. I possess strong levels of self-awareness and social awareness which help me a great deal with it comes to leadership and relationship management."Was this answer helpful? Yes (2) or No (0)Thank you, your vote helps us display the best answers.
"The top skills that help me as a manager include my ability to build a strong relationship with members of the team and audit clients and my enthusiasm to coach and mentor junior members of the group. I am self-aware, and I know when to seek help and support. I am reliable and trustworthy."Rachelle's Answer
Perfectly said. This is an excellent answer and very detailed for the interviewer.Was this answer helpful? Yes or NoThank you, your vote helps us display the best answers.
Why do you enjoy auditing?
How you answer this question could help the hiring manager to determine where you best fit within their organization.
"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."
"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."Was this answer helpful? Yes (5) or No (0)Thank you, your vote helps us display the best answers.
"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.Was this answer helpful? Yes (1) or No (0)Thank you, your vote helps us display the best answers.
Tell me about what areas you audited in your last job.
Bring your last experience to life for the hiring manager, talking about your areas of focus.
"In my most recent position, I was responsible for overseeing operational and compliance audits. In the role before this one, I managed all financial audits. As you can see from my resume, I have experience in all types of audits."
"In my most recent assignment, I carried internal controls tests surrounding procurement and payroll as they are the most significant and prone to fraud areas."Rachelle's Answer
To the point and clear. Nice work.
"In my most recent assignment, I carried internal control tests surrounding procurement and payroll. These areas are most prone to fraud, which is why they were a significant portion of my work."Was this answer helpful? Yes or NoThank you, your vote helps us display the best answers.
"In my most recent audit assignment, I carried out an internal audit of the Group's regulatory reporting framework. This is an area of focus by the regulators due to the importance of the information provided by the companies towards successful oversight by the regulators."Rachelle's Answer
To wrap up your response, perhaps try adding some information about the difference you made through this auditing work.Was this answer helpful? Yes or NoThank you, your vote helps us display the best answers.
What do you find most challenging when performing an internal audit?
Talk to the hiring manager about your most challenging experience during an internal audit and what you do to push through that challenge to complete the audit successfully.
"The part of an internal audit that I find most challenging are the annual risk assessment audits. They are very detailed and take a great amount of concentration. Even though they are my biggest challenge as an auditor, they are my favorite. Enjoying my work makes it easy for me to stay focused."
Tell me about your management experience. Do you enjoy being a leader?
Have you been a leader in the workplace or in a volunteer situation? Take the hiring manager through your experience as a leader and why you find leadership an enjoyable experience.
"I do enjoy being a leader but I also enjoy having a strong mentor to look up to as well. I have been in a variety of management level roles, leading from 1 to 5 people. I would love to expand my leadership experience to include a larger team of incumbents."
"Being a manager is quite an experience, both negative and positive, but I would not trade it. I enjoy being a leader because it helps me to understand different personalities better. It helps me with coaching and mentoring skills. I enjoy knowing that I had an impact on an organization's decision-making."Rachelle's Answer
Try rewording this slightly to sounds more positive.
"I enjoy being a leader because it helps me to understand different personalities better while working on my coaching and mentoring skills. I like to be in a role where my work has a positive impact on an organizations' decision making and overall business operations."Was this answer helpful? Yes or NoThank you, your vote helps us display the best answers.
Are you clear and detailed when it comes to documentation? How important is accurate documentation to you?
Tell the hiring manager about your documentation style. Have you ever received a compliment from a supervisor on your strong documentation?
"I am incredibly clear and detailed in my documentation. In my opinion, as an internal audit manager, that is one of the most important factors in a job well done. My current supervisor often comments on my clean documentation and I take pride in that."
"As an auditor, I know that I will need to document my work. Auditors always need to have evidence. I maintain both hard copies and software documentation for the work I did, in case anyone needs to reference it in the future. My supervisor always compliments me on the fact that my documentation is proper."Rachelle's Answer
The idea is there but I recommend rewording it so that the response is easier to follow.
"Accurate documentation is vital for a job well done since an auditor always needs evidence from which to work. To ensure proper documentation, I maintain both soft and hard files; in case my work needs to be referenced in the future. My current supervisor always compliments my documentation style."Was this answer helpful? Yes or NoThank you, your vote helps us display the best answers.
"Clear and concise documentation is important to our line of work because it provides evidence of the job done and provides back-up to issues I am raising. I am thorough on my documentation, and I self-review my work before someone else reviews it. If an auditor could reperform what I've written in my documentation, it meant my documentation is clear and easy to follow."Rachelle's Answer
Very nice! It seems you are precise and careful in your work, making the job of everyone else easier, as well!Was this answer helpful? Yes or NoThank you, your vote helps us display the best answers.
What improvements would you make as the audit manager, if you were awarded this position?
When hired, the company would like to know that there are measurable results right away. Assure the hiring manager that you have already thought about a variety of ways that you will make an impact on their organization,should you be the successful candidate.
"If I am the successful candidate, I would begin by streamlining the audit process. In our first interview together you mentioned that you have troubles with a few under-performers. I would address that immediately through setting team and personal targets and creating a very thorough performance review with everyone on my team."
"When I get this position, I am going to make sure that the internal audit department is fully equipped and staffing is correct. I am going to make sure that the organization achieves and maintains compliance with legal and regulatory requirements and it improves its internal control environment, ensuring the reliability of financial information"Rachelle's Answer
Your response is good but do make sure that this is an actual pain point of the organization before saying you will improve factors such as staffing and organization.
"If awarded this position, I would first ensure that the internal audit department was equipped with well-trained staff. I would ensure everything was in place for legal and regulatory compliance while looking at improving any necessary internal controls."Was this answer helpful? Yes or NoThank you, your vote helps us display the best answers.
"When I get this position, I will actively participate in the learning and development of members of staff. I will contribute to the preparation of training materials and help facilitate some of the training."Rachelle's Answer
Very nice response! You offer some excellent detail, which shows that you are already picturing yourself succeeding in this role.Was this answer helpful? Yes or NoThank you, your vote helps us display the best answers.
What is your leadership style? Are you able to take on a leadership role over others who were once your peers?
What type of feedback have you received on your leadership style in your most recent managerial roles? Tell the hiring manager what you feel is your greatest strength in leadership.
"I very naturally take on a leadership role in my work, and day-to-day life. I am able to lead by taking on the role of a caring coach and mentor."
"I lead by example. If I want to be respected and treated well, I will certainly practice what I preach. I show respect and empathy to all members of the team. I love coaching junior members, and I am always willing to spend time coaching them."Rachelle's Answer
You sound like a dynamic and inspired leader. The interviewer should really appreciate the energy that you bring forward in your answer!Was this answer helpful? Yes or NoThank you, your vote helps us display the best answers.
How long have you been an auditor? What has prepared you for the manager role?
Tell the hiring manager what has prepared you to take on a management role at this junction in your career.
"I have been an auditor for 3 years total and have completed all of the required education and certifications to qualify for a management role. I have proven leadership skills in my most recent role and am now ready to take those skills into a formal management type of position."
"I have been an auditor for the past seven years. My achievement of the chartered accountancy qualification as well as my strong work ethic and reliability have prepared me for the manager role."Rachelle's Answer
Perfect! Well organized response.Was this answer helpful? Yes or NoThank you, your vote helps us display the best answers.
"I have been an auditor for the past ten years. My qualifications, both in accounting and internal auditing, and my day-to-day tasks, managing and coordinating the team and the client, has prepared me for the manager role."Rachelle's Answer
This is good! To make your answer even stronger, try adding in some detail around the team you coordinate (job titles, how many people, etc.) All in all, some additional detail will help to paint a fuller picture for the interviewer.Was this answer helpful? Yes or NoThank you, your vote helps us display the best answers.
How will you add value to our company?
Tell me about an inefficiency you detected during an audit.
Have you ever discovered fraud in an audit?
In your current position, how are inspection reports posted and communicated? Do you agree with the process?
Why do you feel you are a good fit for our company?
Why do you feel internal auditors have an important role in our company?
While attending post-secondary, what was your best and favorite subject?
If you had an under performing auditor, what would you say to him or her, to help boost their performance?
What do you enjoy most about being an auditor?
Have you ever had an employee act unprofessionally towards you? How did you react?
Have you ever been offered a bribe at any of your previous positions? What did you do?
In your most recent performance evaluation what positive feedback did your Supervisor have for you? Did they recommend any areas for improvement?
What would you change about an auditors role, if you could?
Tell me about your accounting education.
Would you consider yourself to be a trustworthy person?
What accounting software are you familiar with?
How strong are your analytical skills?