External Auditor Interview Questions and Answers

Sample Interview Questions

• ️‍ ️ Can you tell us about a time you uncovered a significant discrepancy during an audit?

  Purpose: To gauge the candidate's experience and problem-solving skills.

  Sample answer

  “

  Sure! During an audit last year, I discovered a major discrepancy in the inventory records, which led to uncovering a $50,000 error. It was a challenging but rewarding experience!

• How do you stay updated with the latest auditing standards and regulations?

  Purpose: To understand the candidate's commitment to continuous learning.

  Sample answer

  “

  I regularly attend professional development courses, subscribe to industry journals, and participate in webinars to stay current with the latest standards and regulations.

• What tools or software do you prefer for auditing, and why?

  Purpose: To assess the candidate's familiarity with auditing tools and technology.

  Sample answer

  “

  I prefer using ACL Analytics for data analysis because it allows for efficient and thorough examination of large datasets. It's user-friendly and highly effective.

• How do you handle tight deadlines and high-pressure situations during an audit?

  Purpose: To evaluate the candidate's time management and stress-handling abilities.

  Sample answer

  “

  I prioritize tasks, break them down into manageable chunks, and maintain open communication with my team to ensure we meet deadlines without compromising quality.

• How do you ensure clear communication with clients during the audit process?

  Purpose: To determine the candidate's communication skills and client management.

  Sample answer

  “

  I schedule regular check-ins, provide detailed reports, and make sure to explain findings in a way that's easy for clients to understand, ensuring transparency throughout the process.

• Can you describe a complex audit you worked on and how you approached it?

  Purpose: To understand the candidate's analytical and problem-solving skills.

  Sample answer

  “

  I once worked on a complex audit for a multinational corporation. I started by breaking down the audit into smaller sections, focusing on high-risk areas first, and collaborated closely with my team to ensure thorough coverage.

• What is your approach to ensuring compliance with ethical standards in auditing?

  Purpose: To assess the candidate's understanding of ethical practices in auditing.

  Sample answer

  “

  I adhere strictly to the code of ethics set by professional bodies, ensure transparency in all my findings, and maintain independence and objectivity throughout the audit process.

• ️ How do you handle disagreements with clients or team members during an audit?

  Purpose: To evaluate the candidate's conflict resolution skills.

  Sample answer

  “

  I listen to all perspectives, provide evidence-based explanations, and aim to find a common ground that upholds the integrity of the audit while addressing concerns.

• What do you believe sets a great auditor apart from a good one?

  Purpose: To understand the candidate's perspective on excellence in auditing.

  Sample answer

  “

  A great auditor not only has technical expertise but also possesses strong communication skills, attention to detail, and the ability to think critically and independently.

• How do you ensure accuracy and completeness in your audit reports?

  Purpose: To assess the candidate's attention to detail and thoroughness.

  Sample answer

  “

  I double-check all data, use checklists to ensure all areas are covered, and review my findings with a fresh perspective to catch any potential errors before finalizing the report.