1. Why are You Interested in This Role?
This role allows me to learn about businesses, expand my career, and become an excellent decision-maker. It has impacted me with
a full understanding of how organizations work. It has improved my communication skills and increased my leadership skills, and
analytic abilities. The daily activities make me a better learner; hence I enjoy them a lot.
2. What are The Roles of an Internal Auditor?
An internal auditor reviews the business process of an organization with a purpose. Then evaluate the reliability of risk management
procedures currently in place. An internal auditor strives to protect the organization’s properties against theft. After that, he/she
evaluates the organization’s adherence to relevant laws and statutes. Lastly, he/she proposes the measures to put in place to
improve internal control and governance processes.
3. Why is Internal Audit Important?
Internal auditing helps in; increment the size and complexity of a business, expanding the compliance regulations; hence competing
favorably. It’s also significant as it focuses on risk management and internal control to manage them. Additionally, it promotes the
intensive use of information technology and regulates stringent norms established by regulators to protect investors.
4. How Do You Conduct an Internal Audit?
First, I set up my objectives right, spot risks, and re-examine them. Then, I plan my strategies and audit activities. I verify the facts
and finish the work. Lastly, I establish a deliverable report that will influence action then follow up the whole process.
5. What is Required to Perform an Internal Audit?
To conduct an internal audit, the treasurer provides all the financial records for the audit. These include; the bank statement,
canceled checks, deposit slip, checkbook register, expense vouchers with bill receipts, and the yearly treasures report.
6. What Do You Do After the Internal Audit?
After performing the internal audit, I hold a meeting with all the auditors who participated in the audit. During the meeting, I talk about
the non-conformances and the eliminated part. I give out the audit report on time, and then motivate the auditee to correct all the
mistakes. I take part and show those responsible for completing the task; the correct method to set up acceptable deadlines. Lastly, I
receive the auditee’s response and check on its anticipation.
7. What Things Have to Be Taken Care for Checks and Vouchers in Internal Audit?

I record all checks in the check register, save voided checks, and ensure no check is missing. I also ascertain that all vouchers have
a sufficient explanation for all expenses; the amount on it matches those in the warrant; I then write for all voided checks.
8. Describe Your Daily Routine as an Internal Auditor
I monitor, analyze, and assess the risks and controls of the organization. This measure ensures the company can compete favorably
to survive in a competitive environment. I then check and review the adherence of the organization to state and federal policies and
laws.
9. How Do You Stay Motivated at Work?
I always set up goals that guide me. These goals motivate me to work towards achieving them. My team cooperates, and everyone
has a task to accomplish. I always work on completing my tasks not to fail the team and the organization. Additionally, the
organization’s success inspires me to work hard; to be stable in a competitive environment.
10. What Kind of Strategies and Mindset Is Required for This Role? Explain with Examples
A good audit strategy should have; a clear scope of the audit, its features, reports from the objectives, sufficient time for the audit,
good communication with team members, and relevant factors in directing the team’s efforts. A positive mindset is required to
stimulate success.
20. What Major Challenges Did You Face During Your Last Role? How Did You Handle It?
The previous organization didn’t have enough resources to address a critical audit issue. Hence, that made the auditing
very difficult. I had to look for a means to try and figure out the audit process. However, I insisted to the management
about the importance of the resources to the organization’s success. In the end, they accepted and acquired the relevant
resources.
17. What is the Biggest Challenge That You Foresee in This Job?
A common way of communicating audit results to the management is through a formal written report issued weeks or months after a
problem is spotted. The audit report talks about the things the internal audit has concluded. It doesn’t give room for what the board
and management need to know. To eliminate all these; there should be more talking than writing. Thus it will be easier to deliver
information and actions taken very fast.

16. Describe a Time You Failed in This Role and the Lessons You Learned
I encountered misaligned misfortunes caused by a lack of awareness and cooperation from my team. A few auditors conducted an
audit; hence it wasn’t checked thoroughly by everyone to ascertain its efficiency. This resulted in the failure of the business.
However, I learned to evaluate existing as well as new policies and procedures, and develop enough metrics and key performance
indicators before submitting an audit report.
3. What are the Qualities That an Internal Auditor Should Poses To Be Effective?
A great internal auditor should have excellent leadership skills to guide and make appropriate decisions. Be persistent in their work
and be good at keeping and building relationships. He/she should be good with technology, understand data, creative and be willing
to learn every day.
18. Describe Briefly About Your Internal Audit Experience
I have a degree in financial accounting and auditing. I am a certified public accountant (CPA) and Certified internal auditor. I have
relevant skills in maintaining and cultivating a master inventory of the company practices, policies, and processes. Moreover, I am
good at creating and updating the internal audit plan by enforcing updated audit programs to ensure reliable financial controls.
9. What Steps Do You Take Before Processing an Audit?
I develop the strength of the audit team as this will stimulate the union of the auditees. I identify the sectors in the company that
needs audit and the frequency of the audits. Then prepare an annual audit schedule and distribute it. I evaluate the audit’s purpose
and check if it complies with government regulations, quality, and standards. Additionally, I plan a meeting with the auditors to
discuss; the strategy, scope, and objectives. After that, I read the documents I am auditing.
10. Describe Substantive tests and When Do You Use Them In The Process Of Auditing the Business
Process?

A substantive test is an audit procedure that examines the financial statements and supporting documentation to evaluate if they
have errors. This test provides evidence to aid the assertion; that the financial records of an entity are complete, accurate, and valid.
They are popular tools that each internal auditor must-have.
11. What are the purposes of ISA 610 and INTOSAI standards?
ISA 610 is a significant portion of the international standard for auditing. It provides useful guidelines that guide the external and
internal auditors to work with each other peacefully. The International Organization of Supreme Audit Institution (INTOSAI) is a
collection of government offices and organizations which give out standards and guidelines on performance and regulatory audits.
12. What are the Differences Between Regulatory or Statutory Audits and Performance Audits?
A regulatory audit examines the budget reporting and financial reporting of the audited business. It also gives the auditors opinion
about the changes that need focus. On the other hand, performance audit evaluates projects or programs along with their purpose
and daily performance. Examines the management system and procedures of the government to ensure the organization is utilizing
resources efficiently. It identifies opportunities to implement improvement.
13. What is ISO 9001:2000?
ISO 9001:2000 specifies requirements for a quality management system. An organization is obliged to demonstrate its capability to
consistently provide a product that satisfies customers and applicable regulatory requirements. ISO 9001:2000 requires an excellent
document, up to date, and reliable information on each product.