Quality Audits Interview Preparation Guide
Download PDF
Add New Question

Quality Audits Frequently Asked Questions in various Quality Audits Interviews asked by the interviewer. So learn Quality Audits with the help of this Quality Audits Interview questions and answers guide and feel free to comment as your suggestions, questions and answers on any Quality Audits Interview Question or answer by the comment feature available on the page.

30 Quality Audits Questions and Answers:

1 :: Explain what is internal quality auditing?

One of the most important objectives of an internal quality audit is measuring the effectiveness of an organization's quality management system. For this to happen, executive management must first meet its overriding responsibility of establishing and maintaining a system regarding quality policy, goals, resources, processes and effective performance--including monitoring and measuring the system's effectiveness and efficiency.
Post Your Answer

2 :: Explain what is an audit process?

The word Audit is a derivative of the word Audition which means to hear. In earlier times, the Kings used to hear their accountants narrate the accounts verbally. However, as the complexity of the accounting function grew, need was felt to thoroughly check the accounts for mistakes misclassified and document the findings in a written form so that it can be used by the Management, stakeholders, investors, Government and various other bodies. This process is known as Auditing or Audit.
Post Your Answer

3 :: Explain what are objectives of Internal Audit?

The purpose of internal audit is to keep proper control over business activities. When there is proper control there is maximum efficiency. The internal auditor determines the degrees of control over work. The purpose of internal audit is to evaluate the accounting system. It is concerned with checking proper authority for transactions like purchase, retirement and disposal of fixed assets. The vouchers can be compared with entries in order to determine that figures are facts.

The purpose of internal audit is to help the management. Internal auditor can point out the weakness. The internal audit can be used as a tool to correct the situation. The management functions can be performed properly. The purpose of internal audit is to review the working of business. The working of current tear can be reviewed in detail just to note the successful area of working. There is a need to locate the weak points. The corrective measures can be taken for proper working.
Post Your Answer

4 :: Explain what is quality audit?

Quality audit is the process of systematic examination of a quality system carried out by an internal or external quality auditor or an audit team.
Post Your Answer

5 :: Explain what is statutory audit?

It is a process of compulsory audit done by a Charted Accountant.
Finance Audit conduct by the CA to compliance the legal requirements of monitory issues.
Post Your Answer

6 :: What is difference between Internal Audit and External Audit?

The internal audit is conducted to help the management. The weakness of the management is disclosed. The external audit is conducted to help the shareholder. The rights of owners are protected. The appointment of internal audit is made by the management. The appointment in external audit is made by the shareholders. Internal audit is the part of internal control.

External audit is the not the part of internal control.The internal audit can suggest improvement in internal check system. The external audit can not suggest improvement in internal check system. The internal audit can perform his duties under the terms of appointment. The management can limit the scope of work at any time. The external auditor can perform his work to terms of appointment and other prescribed law. The scope is very wide. Internal audit is an employee of the company. He is not an independent person. External auditor is not an employee of the company.
Post Your Answer

7 :: What we have to do after the audit?

► Hold an auditors meeting to discuss the closing meeting content.
► Hold a closing meeting with all auditees involved with the audit. First, point out what was done well. Second, address the nonconformances and ensure the auditees understand the nonconformances and what part of the standard is not met.
► Issue the audit report in a timely manner.
► Encourage auditees to decide on the corrective actions. Allowing auditees to have input will give them ownership in implementing changes.
► Assist those responsible for completing the corrective actions with setting reasonable deadlines. The corrective action deadlines may vary depending on the severity of the noncompliance.
► Be available and willing to help the auditees.
► Ask for feedback on how you and your audit team were perceived - adjust your approach if necessary.
Post Your Answer

8 :: Explain what techniques used during an audit process?

► Be professional at all times. Avoid being judgmental.
► Follow safety procedures, clean room procedures, and all other required procedures.
► Explain the purpose of the audit to the auditees.
► Answer questions or discuss compliance problems brought to your attention by auditees.
► Be flexible - if you find a potential problem not within the scope of the audit - evaluate the potential risks of the problem if left unaddressed.
► Encourage honesty with the auditees.
Post Your Answer

9 :: How to involve people in an audit process?

Use audits as opportunities to train others. Ask for a volunteer (who is not an auditor) to walk through the audit process with you as an assistant. This will provide others with a better understanding of what audits are and why they are necessary.

Invite all the auditees to the closing meeting. Having been an auditee, I know it helps to hear audit findings firsthand, the positive as well as the negative.

Involving people creates a feeling that everyone is a vital contributor to the goal of the company - compliance.
Post Your Answer

10 :: Explain what do we mean by vouching?

Vouching is the process of checking the authentication of the voucher maintain by the management with the respective supporting document.
Post Your Answer
Add New Question