HomeFinance Tests
Internal Auditor Skills Test
Test duration:
60
min
No. of questions:
40
Level of experience:
Mid/Senior/Experienced

Internal Auditor Skills Test

This test helps talent professionals streamline their L&D processes as well as acquire industry-leading talent quickly. As a part of our Finance Test, this online assessment can determine an individual's proficiency in evaluating a company's financial risk, analysing data, determining the accuracy of financial records and statements, and much more.

Using a magnifying glass to analyze financial data on a clipboard, ideal for investment research and portfolio management

Internal Auditor Skills Test

Internal auditors are finance professionals who evaluate an organization's internal controls and risk management procedures and ensure compliance with laws and regulations on a state and federal level. Their primary goal is to ensure that the company's operations are efficient, effective, and aligned with the established policies and procedures.‍

Why use iMocha's Internal Auditor Skills Test?‍

Our test assist talent acquisition professionals identify quality candidates for internal auditor roles and reduce hiring time by nearly half. It simultaneously helps L&D managers evaluate their employee's comprehension of financial policies and their capacity to identify, analyse, and mitigate risks. This helps determine gaps in knowledge and enhance upskilling opportunities.

With iMocha’s EEOC-compliant and proctored Internal Auditor skills test, you also get bias-free, comprehensive report of test performance, that help in further evaluation of candidates and employees.

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How it works

Test Summary

iMocha's Internal Auditor Skills Test is a comprehensive evaluation of an individual's aptitude in various areas of internal auditing, including the following skills: 

  • Ability to analyze financial data.
  • Attention to detail to ensure financial transactions and statements are accurate and compliant with regulations.
  • Ability to identify potential risks and make recommendations for risk mitigation.
  • Previous audit experience to understand the audit process and effectively execute audit plans.
  • Trustworthiness and high ethical standards.

This assessment ensures that candidates and employees have the necessary qualifications and competencies to excel as an internal auditor.

Useful for hiring
  • Internal Auditor
  • Senior Internal Auditor
  • Audit Manager
  • Director of Internal Audit
  • Chief Audit Executive
Test Duration
60
min
No. of Questions
40
Level of Expertise
Mid/Senior/Experienced
Topics Covered
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Accounting Estimates

This internal auditor test will assess an individual's ability to estimate financial information, including the valuation of assets and liabilities.

Resource-Based View

Individuals will be assessed on their understanding of the resource-based view theory and its application in financial business strategy.
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Strategy Building

This test will also evaluate candidates and employees on essential auditor skills to develop and implement effective financial business strategies to achieve organizational goals.
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Presentation of Financial Statements

Individuals will be tested on their knowledge of financial statement preparation and presentation in accordance with accounting standards.
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Intangible Assets

Individuals will be assessed on their understanding of the valuation and recognition of intangible assets in financial statements, such as patents and trademarks.
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Hypothesis Testing

Our internal auditor assessment will also test an individual's ability to formulate and test hypotheses to draw conclusions about financial data.
Sample Question
Choose from our 100,000+ questions library or add your own questions to make powerful custom tests.
Question type
Topics covered
Difficulty

Question:

A helicopter view of the employee's progress
Test Report
You can customize this test by

Setting the difficulty level of the test

Choose easy, medium, or tricky questions from our skill libraries to assess candidates of different experience levels.

Combining multiple skills into one test

Add multiple skills in a single test to create an effective assessment and assess multiple skills together.

Adding your own
questions to the test

Add, edit, or bulk upload your coding, MCQ, and whiteboard questions.

Requesting a tailor-made test

Receive a tailored assessment created by our subject matter experts to ensure adequate screening.
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FAQ
How is the Internal Auditor skills test customized?
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iMocha's Internal Auditor Test is customizable to cater to specific hiring and learning needs. Over and above the key auditor skills, employers also have the flexibility to include additional technical skills such as data analysis, problem-solving, and software proficiency.

You can also let our team of subject matter experts design a custom test for you, or you can add your questions and vary the test's difficulty level to best suit your hiring and L&D needs. This way, you can accurately evaluate individuals' internal auditing skills and select the best fit for the role.

What are the most common interview questions related to Internal Auditor?
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Some of the common questions you can pose to potential candidates and employees to assess their critical auditor skills are:

  • How would you ensure financial transactions and statements are accurate and compliant with regulations?
  • How would you identify potential risks, and what steps would you take to address them?
  • Can you explain the difference between financial reporting and financial analysis?
  • Can you provide an example of a problem you identified and solved through your work as an internal auditor?
What are the required skillsets to work as an Internal Auditor?
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The right individual must possess the following skills to excel at this role:

Hard Skills:

  • Financial reporting and analysis
  • Accounting principles
  • Risk management frameworks
  • Internal control systems
  • Regulatory compliance
  • Data analysis

Soft Skills:

  • Communication
  • Leadership
  • Problem-solving
  • Time management
  • Objectivity and unbiased assessment
  • Teamwork