Sale Auditor Interview Preparation Guide
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Sale Auditor based Frequently Asked Questions by expert members with experience as Sales Auditor. These questions and answers will help you strengthen your technical skills, prepare for the new job test and quickly revise the concepts

85 Sales Auditor Questions and Answers:

1 :: Explain me about an inefficiency you detected during an audit?

In this organisation where I am recently working, in procurement department the purchaser buy the material on 100 percent more rate than the rate which prevail in the market. How I find it when I took quotation from different suppliers and find that the same product we are buying on 100 percent more rates.

2 :: Explain me about what areas you audited at your last job?

Internal control review including role and effectiveness of senior management, evaluation of Human resources policies and practices, assess the role and effectiveness of the audit committee and other committees audit risk management c, Revenue cycle, receivables, Expenditure cycle, payroll cycle.

3 :: Tell me what do you enjoy most about being an auditor?

Exposure that it allows one into the whole business environment. It allows one to assess and identify weaknesses in the control environment and together with the clients to come with solutions to the problem; solutions that are value-adding to the business.

4 :: Do you know what is statutory audit?

It is a compulsory audit done by a CA.
Finance Audit conduct by the CA to compliance the legal requirements of monitory issues.

5 :: Tell me how Does An Internal Audit Differ From An External Audit?

Internal audit nothing but the checking the product that you produced.
External audit is checking your product by your customer.
Here it means you may not find mistakes in your processes but a third man who comes and check the system he may see some deviations in the system and give suggestions for the improvements of the system.

6 :: Explain me that how I can evaluate the internal control audit?

Compliance procedures are tests designed to obtain reasonable assurance that these internal controls on which audit reliance is to be placed are in effect. The auditor can test the functioning of the controls and not the transactions. He can check the exceptions and departure from suggested internal control. When there is strict supervisory control the staff can not digress from prescribed control procedures. Compliance procedures can be applied with the help of audit sampling.

The samples can be selected from various categories of transaction in order to test the control aspect. He can examine evidence through inspection of signature. He can apply re performance and observation techniques. He can check custodial control over assets. He can examine the segregation of duties. He can go through supervisory controls. The auditor can test all the items included in the sample. The compliance procedures can ensure the auditor that internal control exists. The control is operating effectively. The control has so operated throughout the period of intended reliance.

7 :: Tell me what are the basic principles of an internal audit controlsystem?

The basic principles of financial internal control are explained below:Financial and accounting operations must be separated that is the handling of cash and the recording of the movement thereof should be done by different persons. Responsibility for the performance of the job must be clearly stated so that there may be no room for doubt or confusion subsequently.

Too much confidence should not be pinned in one individual. Nearly all frauds have been committed by trusted officials or employees. It is interesting to note that frauds have occurred owing to their being trusted. Relation principle relating to transfer of an employee from one job to another should be the inflexible guiding rule. This is an effective safeguard against collusion and is recognized as an important canon of sound organization.

Mechanization of the work wherever feasible and practicable should be resorted to, mechanical devices such as cash register, recording time clocks, calculation machines should be introduced. A system of control accounts should elegantly be fitted in the book keeping system.

The work should be so arranged that work done by one employee should be properly checked by independent employee. Such continuous and constant checking goods moral control and the errors and the frauds cannot go undetected.

8 :: Tell me how would you describe an audit role to a layperson?

These interview questions and answers are intended to assess your understanding of the auditing role in practical terms. Any good interview guide will highlight how important it is to have done some research to be in a position to provide a credible answer with specific examples of typical projects and tasks, as well as things like reporting lines and stakeholder management.

9 :: Why do you want to work with us as Sales Auditor?

This question is all about testing your preparation skills pre-interview. Your employer wants to know how motivated you are to work for his or her company, thus how well you've researched the company culture. Use this question to identify which of their core values you share, your respect for their business ethos and how you intend to uphold the vision they have created for their organisation.

10 :: Do you have any questions for us regarding Sales Auditor?

Try and use this question to actually learn something about the company and its potential in furthering your internal audit career. Never mention salary, perks, annual leave or job location, instead ask the kinds of questions that will cement your interest in the role in the mind of the person interviewing you. Are there any induction or development programs? How do they see your role progressing within the first 12 months? Ask about the company, the industry as a whole and how their business fits in with it. Be interested.