Top 10 Internal Audit Interview Questions and Answers (2024)

Here are Internal Audit interview questions and answers for freshers as well as experienced auditor candidates to get their dream job.

1) Explain what is internal audit?

An independent and objective evaluations or examination of the company’s financial and operational business activities is referred as internal audit.

Free PDF Download: Internal Audit Interview Questions and Answers

2) Mention what is the difference between internal and external audit?

External audit’s main focus is on the accuracy of the financial statements and annual report, while the internal audit has a wide prospective and looks into anything that is important for the organization’s success.

3) Explain the steps before an audit processes?

  • Ensure the authority of the audit team is established- it will enhance the co-operation from the auditees
  • Decide which areas of the company will be audited and the frequency of the audits. Prepare as yearly audit schedule and distribute
  • Determine the purpose of the audit whether it complies with government regulations, quality standards, internal procedures and systems
  • Organize a meeting with the auditors to discuss plan, scope and purpose of the audit
  • Read the documents you are auditing against.

4) Mention what is meant by decommission liability?

De-commission liability is costs that a company expects to levied in the future when the plant is shut-down.

5) Explain what is required to perform an internal audit?

To perform an internal audit all of the financial records shall be given by the treasurer for the audit, including the check-book register, bank statement, deposit slip, cancelled checks, treasurer’s reports, expense vouchers or warrants with bill receipts, the annual treasurer’s report etc.
Internal Audit Interview Questions
Internal Audit Interview Questions

6) List out the check-list for the internal audit?

Check-list for the internal audit includes
  • Warrants / Vouchers
  • Bills / Receipts
  • Disbursements / checks
  • Bank Reconciliation
  • Income
  • Treasurer’s Reports
  • Taxes

7) Mention what all things have to be taken care for checks and vouchers in internal audit?

Internal audit Checks and Vouchers
  • Make sure that there are no missing checks
  • Voided checks are saved
  • All checks recorded in check register
  • Written for all checks, including voided checks
  • Amount on check matches amount on voucher/warrant
  • Adequate explanation for all expenditures

8) Explain how you should conduct an internal audit?

To conduct an internal audit you should
  • Decide what you want to achieve
  • Identify risks and review objectives
  • Plan and audit activities
  • Validate the facts and complete the work
  • Develop a deliverable or report that will drive action
  • Follow up

9) Explain what is the meaning of plan drawn up in internal audit?

Plan drawn up is the assessment of the risk that is mutually agreed between the internal audit, senior management and audit committee determines the frequency with which particular audits take place.
Audit Interview Questions
Audit Interview Questions

10) Why internal audit is necessary?

Internal Audit is necessary to
  • Enhance the size and complexity of businesses
  • Increase the compliance requirements
  • Focus on risk management and internal controls to manage them
  • Unconventional business models
  • Stringent norms implemented by regulators to protect investors
  • Intensive use of information technology
  • Increasingly competitive environment

11) Explain what you should do after the internal audit?

After the internal audit,
  • Hold an auditors meeting with auditees involved with the audit, discuss the non-conformances and what part is missed
  • Issue the audit report in a timely manner
  • Encourage auditees to take corrective actions again flaws
  • Help and guide those responsible for completing the corrective actions with setting reasonable deadlines
  • Take the feed-back of the auditees and how your audit team were perceived
These interview questions will also help in your viva(orals)


  1. Avatar Amir Mohammad says:

    It is very good for interviews

  2. Avatar Lisa Marevesa says:

    thanks a lot that was a help full information

  3. Thanks a lot very useful information

  4. Avatar Noellah achiaya says:

    Thankyou very much that was awesome information.

  5. Avatar Joh Kuzaga says:

    Makes me feel comfortable to enter in examination room

  6. Avatar Kabanza Herbert says:

    Very useful thank you

  7. Thanks for eye opening inputs remarks

  8. Avatar @lustysam says:

    awesome and concise

  9. Avatar Madi barra says:

    Thanks for sharing your thoughts with me

  10. Avatar Abdikani salad says:

    I want to know more internal audit

  11. Avatar Girma Terefe Ayansa says:

    Very useful thank you

  12. Avatar Dheeraj bari says:

    Pls new update bcuz all question are old

  13. Avatar Mr Abu Yusuf Boyede says:

    I learned and achieved more here , and equally get confidence to face interviewers at any time
    Thank you.

  14. Avatar Clever Gunzo says:

    thanks a lot l am now better equiped with knowledge

  15. Avatar Ayanda Mtshali says:

    Brilliant question and answers hope it will help me🙏🏾

  16. Avatar Apolot Stella says:

    This information guides us during audit exercise and enabled us have audit flow up to the level when audit commit invites the internal auditor and audited.

  17. Avatar Good for my references says:

    Thank you for the good questions I think it will help me to understand and defend myself in my audit interview.

  18. Avatar ABONGILE MISSION says:

    Thanks my dear hopeful I’ll pass my interviews

  19. Avatar Imtiaz Ahmed says:

    Nice questions with appropriate answer.

  20. Avatar Abdullah hafeez says:

    Thank you for this useful information

  21. Thanks so much for the useful information.

  22. Avatar Okeyo Timon says:

    This was a good one for interview

  23. Avatar Rahul Pratap Singh says:

    Nice questions with appropriate answer
    This information guides us during audit exercise and enabled us have audit flow up to the level when audit commit invites the internal auditor and audited……….
    Thank you for the good questions I think it will help me to understand and defend myself in my audit interview……….

  24. Avatar Rahul Pratap Singh says:

    Thank you for the good questions I think it will help me to understand and defend myself in my audit interview.

  25. Avatar Rufunda Micheal says:

    Thank you for sharing this information.

  26. Avatar Gemechu kumsa says:

    It is very good for interview question and it is the directives of professional internal Auditors.

  27. Avatar nserikomawa jame says:

    O thank you for that output despite being a general one.

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