Saeed A.

Shaikh, Corporate Consultant | Corporate Trainer YouTube Channel: SHAIKHAIN

GROUP ACTIVITY

INTERVIEW FOR THE POSITION OF AN INTERNAL AUDITOR

<In a growing private concern>

Interviewer Questions: What do you understand about the role of an

Internal Audit department. Explain in 3/5 lines.

A SAYS:

Internal Audit (I/A) Department is a Watch Dog of an organization. I/A is

responsible to safeguard the assets of the organization and in this
regard it is implied, is authorized to question any one in the
organization. I/A can stop any one and any function, in the interest of
the Organization and should report to CEO directly

B Says:

I/A is a department to oversee the internal controls of the organization

and to advise management of the weakness, slackness of the staff and
officers, late comers. I/A team should be authorized to freely work and
enter in the areas wherever it need to probe.

C Says:

To create a proper check and balance on every thing in the company

particularly in accounts and treasury functions, including fueling the
vans at petrol pumps. Reporting should be directly to the CFO or
director finance. Also responsible to revise the control systems at its
own and advise management accordingly.

D Says:

It is a professional department responsible to ensure compliances

with laws and regulations and help to maintain accurate and timely
financial reports. It is a part of the internal control system to ensure
effective controls through implementation of well designed systems.

GROUP A:

GORUP B:

Which of the candidates you would like to offer the job. (with reasons).
Also devise your own SUITABLE ANSWER TO THE QUESTION