Assistant Manager Internal Audit

Assistant Manager Internal Audit Interview Questions and Answers

Updated 28 Jul 2025
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3d ago

Q. What is Internal Audit?

Ans.

Internal Audit is a process that evaluates and improves the effectiveness of an organization's risk management, control, and governance processes.

  • Internal Audit is an independent and objective assurance activity.

  • It helps organizations accomplish their objectives by bringing a systematic and disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes.

  • Internal auditors provide insights and recommendations to management ba...read more

Asked in Deloitte

6d ago

Q. Risk control matrix and how did we do risk rating

Ans.

Risk control matrix is a tool used to identify, assess, and prioritize risks. Risk rating is done based on the likelihood and impact of the risk.

  • Risk control matrix is a document that lists all the potential risks and the controls in place to mitigate them.

  • The risks are rated based on their likelihood and impact on the organization.

  • Likelihood and impact are usually rated on a scale of 1-5, with 1 being the lowest and 5 being the highest.

  • The risk rating is then calculated by m...read more

3d ago

Q. Why General Insurance?

Ans.

General Insurance offers a dynamic and challenging work environment with opportunities for growth and learning.

  • General Insurance is a constantly evolving industry that requires adaptability and problem-solving skills.

  • The diverse range of products and services offered by General Insurance provides exposure to various business functions.

  • The role of an Assistant Manager Internal Audit in General Insurance involves identifying and mitigating risks, ensuring compliance with regula...read more

Asked in Accenture

3d ago

Q. What are your future goals?

Ans.

My future goals include gaining more experience in internal audit, obtaining relevant certifications, and eventually becoming a senior manager.

  • Gain more experience in internal audit

  • Obtain relevant certifications such as CIA or CISA

  • Develop leadership and management skills

  • Work towards becoming a senior manager

  • Stay up-to-date with industry trends and best practices

Are these interview questions helpful?
5d ago

Q. What is a cash book?

Ans.

A cash book is a financial record that tracks all cash transactions of a business.

  • It is used to record all cash receipts and payments.

  • It helps in maintaining an accurate record of cash flow.

  • Cash book entries are usually categorized into cash receipts and cash payments.

  • It is an important tool for internal audit as it provides a clear picture of cash transactions.

  • Examples of cash book entries include cash sales, cash purchases, and cash expenses.

Asked in PolicyBazaar

4d ago

Q. What is Insurance?

Ans.

Insurance is a contract between an individual or entity and an insurance company to protect against financial loss.

  • Insurance provides financial protection against unexpected events such as accidents, illness, or damage to property.

  • The insured pays a premium to the insurance company in exchange for coverage.

  • Types of insurance include health, life, auto, home, and business insurance.

  • Insurance policies have terms and conditions that outline what is covered and what is not.

  • Insura...read more

Assistant Manager Internal Audit Jobs

Deloitte logo
Assistant Manager | Internal Audit 1-2 years
Deloitte
3.7
Hyderabad / Secunderabad
Deloitte logo
Assistant Manager - Internal Audit 3-5 years
Deloitte
3.7
₹ 9 L/yr - ₹ 11 L/yr
(AmbitionBox estimate)
Mumbai
Deloitte logo
Assistant Manager - Internal Audit Controls Assurance 1-8 years
Deloitte
3.7
Hyderabad / Secunderabad

Asked in Genpact

6d ago

Q. What is BRS?

Ans.

BRS stands for Bank Reconciliation Statement.

  • BRS is a statement that compares the bank balance as per the bank statement with the balance as per the company's books.

  • It helps in identifying any discrepancies or errors in the bank transactions.

  • The statement includes items such as deposits in transit, outstanding checks, bank charges, and interest.

  • The ultimate goal of BRS is to ensure that the company's cash balance matches the bank balance.

  • BRS is an important tool for internal ...read more

Asked in IIFL Finance

5d ago

Q. Are you passionate about audit?

Ans.

Yes, I am passionate about audit as it allows me to identify risks, improve processes, and add value to the organization.

  • I enjoy the challenge of analyzing financial data and identifying discrepancies.

  • I am dedicated to ensuring compliance with regulations and internal policies.

  • I find satisfaction in recommending improvements to internal controls and processes.

  • I am committed to continuous learning and staying updated on industry best practices.

  • I believe in the importance of au...read more

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4d ago

Q. What are your future plans as an internal auditor?

Ans.

As an internal auditor, my future plans include gaining more experience, obtaining relevant certifications, and staying updated with industry trends.

  • Continuously improving my knowledge and skills in auditing techniques and methodologies

  • Obtaining certifications such as Certified Internal Auditor (CIA) or Certified Information Systems Auditor (CISA)

  • Staying updated with changes in regulations and industry best practices

  • Developing strong analytical and problem-solving skills

  • Build...read more

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