Tell us about a time when you had a meeting with auditees to discuss audit findings and recommendations. How did you approach the discussion? Was there any conflict, and if so, how did you handle it?

Sample answer to the question

In a recent audit, I had a meeting with auditees to discuss findings and recommendations. I approached the discussion by first sharing the purpose and objectives of the audit, as well as the scope and methodology used. I then presented the findings in a clear and concise manner, highlighting both the strengths and areas for improvement. I encouraged open and honest communication, creating a safe space for auditees to share their perspective and address any concerns. While there was some initial resistance and conflict regarding certain findings, I remained calm and focused on the facts. I listened actively, empathized with their viewpoint, and explained the rationale behind the recommendations. By involving the auditees in the decision-making process, we were able to find common ground and come up with practical solutions. Overall, the meeting was productive and ended on a positive note, with the auditees expressing gratitude for the constructive feedback.

A more solid answer

During a recent audit, I had a meeting with auditees to discuss the findings and recommendations. To approach the discussion, I first conducted a thorough data analysis to ensure accuracy and comprehensiveness of the findings. This allowed me to have a clear understanding of the areas that needed improvement and potential risks involved. I prepared a detailed audit report, highlighting the key findings and their impact on regulatory compliance. During the meeting, I adopted a collaborative approach by acknowledging the auditees' efforts and achievements, which helped to establish a positive and constructive atmosphere. However, there was some conflict regarding one of the findings. To handle it, I actively listened to the auditees' concerns, empathized with their perspective, and explained the underlying rationale behind the recommendation. I reassured them that the goal was not to criticize, but rather to improve the efficiency and effectiveness of their processes. By involving them in the decision-making process and proposing feasible solutions, we were able to address their concerns and reach a consensus. This experience demonstrated my skills in data analysis, risk assessment, audit reporting, regulatory compliance, time management, and effective team collaboration.

Why this is a more solid answer:

This answer is solid as it provides specific details about the candidate's past experiences, such as conducting data analysis, preparing an audit report, and addressing conflict during the meeting. It also demonstrates how the candidate utilized their skills in data analysis, risk assessment, audit reporting, regulatory compliance, time management, and team collaboration. However, the answer can be further improved by elaborating on the specific actions taken to handle the conflict and providing more examples of the candidate's collaboration with the auditees.

An exceptional answer

In a recent audit, I had a meeting with auditees to discuss the findings and recommendations. To approach the discussion, I utilized my strong data analysis skills to analyze a large volume of financial data, identifying trends and patterns that supported the findings. This in-depth analysis allowed me to confidently present the objective evidence to the auditees, ensuring transparency and credibility. In terms of risk assessment, I conducted a comprehensive evaluation of the control environment, identifying potential control weaknesses and communicating the associated risks to the auditees. This enabled them to understand the importance of the recommendations in mitigating those risks. In terms of audit reporting, I prepared a detailed report that not only outlined the findings but also included practical and actionable recommendations. During the meeting, I actively listened to the auditees' concerns and addressed them with empathy and professionalism. I acknowledged their efforts and achievements, highlighting the positive aspects before delving into the areas for improvement. I actively involved them in the decision-making process by seeking their input on the best approach to implement the recommendations. By fostering an open and collaborative environment, we were able to resolve conflicts and reach consensus. This experience showcased my strong expertise in data analysis, risk assessment, audit reporting, regulatory compliance, time management, and effective team collaboration.

Why this is an exceptional answer:

This answer is exceptional as it goes above and beyond in providing specific details about the candidate's past experiences and actions taken during the meeting. It demonstrates a deep understanding and utilization of skills in data analysis, risk assessment, audit reporting, regulatory compliance, time management, and team collaboration. It also highlights the candidate's ability to create a transparent and credible discussion by utilizing objective evidence and effectively addressing conflicts. The answer is comprehensive and provides a clear picture of the candidate's competence in handling meetings with auditees to discuss findings and recommendations.

How to prepare for this question

Review the audit process and familiarize yourself with the steps involved in conducting an audit.
Brush up on your data analysis skills, ensuring you can efficiently analyze large volumes of financial data.
Practice preparing detailed audit reports that clearly communicate the findings and recommendations.
Develop your risk assessment skills to identify potential risks and their impact on regulatory compliance.
Enhance your communication and listening skills to effectively address conflicts and concerns during the meeting.
Collaborate with team members or colleagues to practice conducting mock meetings and handling different scenarios.

What interviewers are evaluating

Data analysis
Risk assessment
Audit reporting
Regulatory compliance
Time management
Team collaboration