Top 25 Audit Manager Interview Questions and Answers in 2022


Audit Manager Interview Questions and Answers

In this article, we will be sharing some of the questions with answers that you might be asked in your interview as an Audit Manager. Remember, career growth is important for every individual so the candidate must be well prepared for the interviews.  You are lucky that you have an opportunity to match your skillset and knowledge.

1. Why Are You Interested In This Role?

Everybody carries an audit, when you drive a car, you look at the dial to make sure the speed is right, that is an audit. This way, an audit is the second nature of every sane person. I want to remain in a position where I make sure that company figures are going in the right direction. It is not essentially about accounts and finance but it is about all segments of a company. In my life, I am a highly organized multitasker who works well in a fast-paced environment. That is not the end but I have the willingness to learn and grow with the company. I am a good friend but keep my eyes on detail.

2. What Are The Roles Of An Audit Manager?

Like any employee, important is to have a welcoming attitude toward colleagues assisting when necessary. While the roles can be like:

  • To plan and perform operational and financial audits.
  • Identifying business process risks.
  • To develop and test methodologies to evaluate the adequacy of controls.
  • Documenting the results of the evaluations.

3. What Are The Qualities That An Audit Manager Need To Be Successful?

Organizations need skilled, experienced professionals in key roles like audit managers to help support the audit function. For an organization’s ability to meet compliance requirements and identify potential risks needs coordination, cooperation, and vigilance by employees. Through the audit process, the audit team ensures everyone in the organization is doing what’s required to help avoid risk and meet compliance demands. However, because audit projects are often complex and time-intensive, it’s easy for even experienced auditors to lose sight of key details and miss red flags.

4. What Major Challenges Did You Face During Your Last Role? How Did You Manage Them?

It starts with non-cooperation from the management and employees as they feel we are not their friends but they should understand the importance and scope of the audit to complete the audit processes. There can be a failure to define the scope of the audit too. Sometimes audit conversations can spill outside the scope, and the audit can become vague. The auditors’ responsibility also lies in finding out whether the defined requirements are met. Instead of looking for whom to accuse, the focus should on remediation. However, it does not challenge that the auditor has disallowed finding of blatant fraud. The auditor and the management are responsible for ignoring a fraud unless proven otherwise.

Why Should We Hire You? 5 Best Answ...
Why Should We Hire You? 5 Best Answers

5. Describe The Daily Routine Of An Audit Manager?

The day starts with attending post-it stickers on my table that has last days pending jobs. Then I call my staff for a brief meeting over a cup of tea to prioritize that day’s work and set targets. Attending meetings with various leads. I spend my time attending to the MUST DO list and then return to work after hours to finish off the tasks that did not get done during daylight hours. One thing I try to focus on is being present while I talk with anybody. I find multi-tasking is necessary at times but it is not me at my best. Thereby, I try to update things on my calendar that ladder up to the company’s strategic vision and support our milestones.

6. Describe Your Experience Briefly?

I started my administrative carrier as Admin Assistant in a multinational setup. It was a manufacturing cum consultancy setup. From there I was switched over to their overseas project in the Middle East where I did an audit of areas like HR, Transport, messing/lodging of 11,000 people, and use of their medical facilities. As I completed three years contract, I took an exit for seeking a job in my home country. I am a law accountant and have a command of English and three languages.

7. What Sort Of Strategies And Mindset Are Critical For This Role?

As a rule, in competitive arenas, people are everything. Attracting and retaining good people can make or break a business, and success hinges on winning the “war for talent”. The story continues and attention to detail, multitasking, and keeping calm are the special traits in this profession. Staying calm is not alone but I attach immediate reaction to undo a mistake if reported. Then we all need to adhere to company policies and I guide people but refuse to forgive any misappropriation if repeated.

8. What Is The Biggest Challenge You Foresee In This Job?

Keeping a balance between official assignments and maintaining friendships or even good working relationships. People do greet me when they see my visiting card but as they demand an extra benefit without any qualification, I have to speak plain refusal or tell them what maximum is possible.

9. How Do You Stay Motivated At Work?

My team is my strength and I feel motivated as I help my team members in an official and personal capacity as and when they need help or guidance or even undoing a mistake. I feel motivated as I start my morning brief with the team and I see everybody ready to start the day in high spirits. I also feel good when I can get things done for company directors by resolving their issues whenever I can. This way I am well connected with the company directors, external auditors, and major suppliers too, of course, in a respectable manner.

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10. Describe An Event When You Failed And The Lesson You Learned?

There was a fire incident last year where following up actions from earlier audits might have prevented disaster. An audit of the area recommended that firefighting pumps should be left in automatic mode when there was no staff nearby. The next year, there was an accident that prevented staff from getting to the controls to operate the firefighting pumps. The audit action hadn’t been implemented – the pumps were on manual, the fire spread, and the area was gutted. Later we made sure that as the staff finishes the day the pumps are to be switched over to automatic mode and it was physically verified by security staff.

11. Why Do You Feel You Are Qualified For This Role?

As I said earlier, I am an audited person since I started my carrier. Being a commerce graduate, I am not afraid of going through agreements and contracts and writing professionally well in a presentable and professional format. Being proficient with Microsoft Office and Excel stuff, I am a highly organized multitasker who works well in a fast-paced environment. That is not the end but I have the willingness to learn to grow too. I focus on company business and maintain relationships accordingly having excellent communication and organizational skills and having eye for detail.

12. Share With Us Your Greatest Achievements

While working in the Middle East, the employer had certain issues with the Department of Immigration and Passport. They were not ready to stamp visas on arrival as our staff had no time for such formalities as they had to leave their home country in a hurry and the agent had only private visas. I had an acquaintance with an officer in their Ministry of Interior. I visited his office carrying some gifts to show good gesture and explained to him the issues we were facing. I was lucky to have his favor, he picked up his phone and spoke to someone quite frankly. He gave me his visiting card and asked me to visit his cousin in Passport Office. The next morning, I got all pending issues resolved and the company owners appreciated my work a lot.

13. How Your Previous Employer Would Describe You?

I had been an avid team player and I always urge my teammates to maintain harmony and congruence.  I like good team members around me who always bring value to the organization. My previous employers would rate me as an above-average worker, willing to put extra effort and time when the situation demanded such.

14. How Do You Stay Motivated And Positive During The Challenging Tasks?

I investigate any breach incident I consider as a hurt incident that something failed to work. Now if we gather our courage and belongings, we can make things happen by going deep into facts and the several options we may deploy for making things happen. This means we happened to enter a dark tunnel where we can see a light at another end of the tunnel. We can reach the light only if we make efforts and keep working to reach that goal.

15. What You Would Do If A Company Director Were Dissatisfied With Your Work?

If I am in a position to find another job, this might be a good reason to head for the door. I could even try one last staunch refusal as an ultimatum. I think I have to just say no if it’s against my moral values. I can’t be forced to do something, the worst thing that could happen to me is I’ll be fired, but I can’t stay at a job that’s going to ask me to transgress my morals anyway.

16. What Is Your Highest Strength In This Role?

I find myself good to talk about leadership, determination, and the ability to motivate and inspire those traits that create iconic corporations. The DNA of an audit manager, I have to adapt to rules. I need to demonstrate a unique set of skills that bridge the space between the vision-led leader at the top and the company targets and the ongoing operation of a business.

17. What Is Your Favorite Operations And Management Task?

As Audit Manager, I would prefer to focus on executing the company’s business plan and be the best in my assignments, while the CEO is more concerned with long-term plans and goals and the broader company outlook. My role is to do a detailed audit while the plans on the ground are implemented.

18. Tell Me About Yourself In Brief

I am goal-driven, commercially focused, and progressive working as the Audit Manager experiencing many challenging situations that I feel will be of benefit to the organization. I fully appreciate the responsibility that comes with the position I thrive whilst being a part of the management team that is all should be pushing forward in the same direction according to set principles and rules. If you hire me as your Audit Manager, you will be getting somebody who is committed to your plans and goals.

19. Do You Consider That Analyzing Data Is Your Strength?

A major part of my role is being able to understand and interpret data to make informed decisions. As an Audit Manager, I use data and some metrics to understand what is happening in the company. The data gives us a better understanding of the company’s overall performance and highlights potential weak points in a single set of papers.

20. What Are Your Views About Seeking Help From Others?

While it is important that I have to be confident in my actions, it is also important that I can ask for assistance when necessary. I, being Audit Manager, should not be the only one responsible for the company’s success and be able to seek advice and help from others when it benefits the working to do so. No one expects an Audit Manager to be all-knowing, so willingness to ask for advice or assistance is a critical skill for my position.

21. Do You Feel Your Experience Is A Good Fit For The Company?

A successful Audit Manager needs a wide range of diversified experience. My previous experience in audit and documentation is an asset to any company. Because I have experience in leading others and being a leader, I, therefore, understand both the business and operations sides of any company. This makes me a more effective leader and the best fit of course!

22. What You Can Bring To The Role Of An Audit Manager?

I bring sufficient local and overseas experience in different situations like ensuring company operations are efficient, effective, and aligned with the rules and long-term strategic aims of the business. I bring strong leadership traits, business insight, commercial awareness, and a passion for ensuring all operational work is conducted to standards that help serve to protect the company brand by providing outstanding service to customers.

23. What Are SHS And What Are A Few Important Ones For Your Proposed Position?

SHS means Situation Handling Skills. To manage, one should command a few of these skills for running a team. The important areas are Information Gathering, Being Prepared to Negotiate, Use of Appropriate Verbal and Non-Verbal Language, and also being polite and friendly by showing an ability to understand and also share the feelings of others to handle the situation accordingly.

24. How Do You Create An Action Plan When You Reach Such A Situation?

An action is a clear, detailed list of all the steps you need to take to reach your goal, along with a proposed timeline of when you will complete each step or task. When I need to, I have to think about the reason for that action plan for reaching my goals faster and in a timely fashion. In each case, we need to identify each step with duties and responsibilities for each team member clearly with the timeline. We need to be SMART which stands for specific, measurable, attainable, relevant, and timely. The message needs to be understood by all team members.

25. How Do You Perform Better, Alone Or As A-Team?

Communication is one of the skills in that I excel. I easily link with the people and this helps in getting work done with my team. In my career, I have also worked under minimal supervision where I was the only one responsible for my tasks. I work well in both situations. Teamwork is extremely important as it enables the team to share ideas as well as responsibilities, which helps reduce stress on everyone, allowing them to be meticulous and thorough when completing tasks. This will enable the team to meet its goals in a timely fashion.

Conclusion

The above questions will surely help during your interview! Remember, the Audit Manager needs to have good interpersonal skills! Overall, being in this position is a demanding job that needs the presence of mind and full involvement from the team members. Don’t forget to dress up nicely and go cheerfully for your interview and do it with a smile! Good luck

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