Have you collaborated with internal and external auditors in the past?
Governance Manager Interview Questions
Sample answer to the question
Yes, I have collaborated with both internal and external auditors in the past. In my previous role as a Compliance Officer at XYZ Company, I worked closely with the internal audit team to ensure that our company's policies and procedures were being followed. I regularly provided them with the necessary documentation and information they needed for their audits. Additionally, I also had the opportunity to work with external auditors during our annual external audits. I assisted in gathering the required data and supporting documentation for their review. It was a collaborative effort where I provided them with the necessary information and addressed any questions or concerns they had.
A more solid answer
Yes, I have collaborated extensively with both internal and external auditors throughout my career. For example, in my previous role as a Compliance Officer at XYZ Company, I worked closely with the internal audit team on a monthly basis. I provided them with detailed reports, supporting documentation, and any other information they required for their audits. I also participated in meetings and discussions with the auditors to address any findings or recommendations they had. Additionally, I coordinated with external auditors during the annual external audit. I facilitated the audit process by gathering and organizing all the necessary data and supporting documentation. I also communicated regularly with the auditors to ensure that they had everything they needed. These collaborations were crucial in ensuring the accuracy and effectiveness of our compliance efforts.
Why this is a more solid answer:
The solid answer expands on the basic answer by providing specific details about the candidate's role and responsibilities in collaborating with auditors. It highlights the candidate's involvement in providing reports, supporting documentation, and information to both internal and external auditors. It also mentions the candidate's participation in meetings and discussions with the auditors to address findings and recommendations. This answer showcases the candidate's communication skills and attention to detail.
An exceptional answer
Collaborating with internal and external auditors has been a fundamental part of my professional experience. In my previous role as a Compliance Officer at XYZ Company, I not only collaborated with auditors but also took a proactive approach to ensure a smooth and efficient auditing process. I established strong relationships with the internal audit team by regularly communicating with them, seeking feedback, and providing them with timely and accurate reports. I worked closely with them to identify potential compliance gaps and implement appropriate corrective actions. When it comes to external auditors, I actively engaged with them throughout the audit cycle. I anticipated their data requirements, prepared comprehensive audit files, and facilitated open lines of communication to address any queries or concerns. By forming a collaborative partnership with both internal and external auditors, I was able to contribute to the enhancement of our governance processes and ensure compliance with legal and regulatory standards.
Why this is an exceptional answer:
The exceptional answer goes beyond the solid answer by emphasizing the candidate's proactive approach in collaborating with auditors. It highlights the candidate's initiative in establishing strong relationships with the internal audit team and seeking feedback to enhance the auditing process. It also showcases the candidate's ability to anticipate and meet the data requirements of external auditors. This answer demonstrates the candidate's analytical abilities, problem-solving skills, and attention to detail. It portrays the candidate as someone who actively contributes to the improvement of governance processes and compliance with legal and regulatory standards.
How to prepare for this question
- Familiarize yourself with the auditing process and the responsibilities of internal and external auditors.
- Highlight any previous experience working with auditors in your resume and cover letter.
- Prepare specific examples of how you collaborated with auditors in previous roles.
- Emphasize your communication skills, attention to detail, and ability to provide accurate and timely information to auditors.
- Demonstrate your understanding of governance principles, compliance requirements, and industry-specific regulations.
What interviewers are evaluating
- Collaboration with auditors
- Communication skills
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