JUNIOR LEVEL

How do you collaborate with senior auditors to follow-up on audit findings and management's action plans?

Sample answer to the question

As a junior internal auditor, I collaborate closely with senior auditors to follow-up on audit findings and management's action plans. We have regular meetings where we discuss the progress and status of each audit finding. I provide updates on the actions taken by management to address the issues identified during the audit. We work together to ensure that the action plans are implemented effectively and in a timely manner. I also assist in conducting follow-up audits to monitor the interventions made by management. Through this collaboration, we aim to ensure that all audit findings are properly addressed and that the necessary improvements are implemented.

A more solid answer

As a junior internal auditor, I actively collaborate with senior auditors to ensure effective follow-up on audit findings and management's action plans. In our collaborative process, I take responsibility for updating senior auditors on the progress and status of each audit finding. I provide them with detailed reports and analysis of the actions taken by management to address the identified issues. This includes tracking the implementation of action plans and documenting any challenges or delays. Additionally, I assist in conducting follow-up audits to monitor the interventions made by management and provide feedback on the effectiveness of their actions. Through strong collaboration with senior auditors, we aim to ensure that all audit findings are properly addressed, and that the necessary improvements are implemented. My attention to detail, analytical skills, and effective communication abilities contribute to the overall success of the collaboration.

Why this is a more solid answer:

The solid answer provides more specific details about the candidate's role and contributions in collaborating with senior auditors. It highlights the candidate's responsibility for updating senior auditors on the progress and status of audit findings, as well as their involvement in conducting follow-up audits. The answer also mentions the candidate's attention to detail, analytical skills, and effective communication abilities, which align with the required skills from the job description. However, it can still be improved by providing more specific examples or projects where the candidate has collaborated with senior auditors.

An exceptional answer

As a junior internal auditor, I actively collaborate with senior auditors to ensure effective follow-up on audit findings and management's action plans. In one specific project, I worked closely with a senior auditor to follow-up on a significant audit finding related to internal control weaknesses in the procurement process. We set up regular meetings with the relevant stakeholders, including the procurement team and management, to discuss and monitor the progress of the action plans. I took the lead in tracking the implementation of the recommended control improvements, conducting testing to verify their effectiveness, and documenting the results. Through this collaboration, we were able to successfully address the audit finding and strengthen the procurement process. My strong attention to detail, analytical skills, and proactive communication were instrumental in driving the collaboration forward. To further enhance my knowledge in this area, I actively participate in internal and external training sessions, stay updated on industry best practices, and seek guidance from senior auditors to continuously improve my skills in following up on audit findings and management's action plans.

Why this is an exceptional answer:

The exceptional answer provides a specific example or project where the candidate has collaborated with senior auditors to follow up on an audit finding. It showcases the candidate's active role in tracking the implementation of action plans, conducting testing, and documenting the results. The answer also highlights the candidate's proactive approach to knowledge development by participating in training sessions and seeking guidance from senior auditors. This example demonstrates the candidate's strong attention to detail, analytical skills, and proactive communication abilities, which align with the required skills from the job description. The answer shows a high level of proficiency and goes above and beyond the basic and solid answers.

How to prepare for this question

Familiarize yourself with the audit process and the typical steps involved in following up on audit findings.
Develop a good understanding of how to track and document the implementation of action plans.
Practice providing clear and concise updates on the progress and status of audit findings to senior auditors.
Enhance your analytical skills through practical exercises and mock scenarios.
Stay updated on relevant regulations, standards, and best practices in the field of auditing and internal controls.

What interviewers are evaluating

Collaboration
Attention to Detail
Analytical Skills
Communication Skills
Knowledge Development