Can you describe a time when you identified a significant error during an audit? How did you handle the situation?
Behavioral
Attention To Detail
Problem-solving
Communication
This question assesses your attention to detail and problem-solving skills, which are critical in the auditing profession, especially for a junior auditor.
How to answer
- Start by setting the context of the audit you were involved in.
- Clearly describe the error you identified and its potential impact on the financial statements.
- Explain the steps you took to investigate the error and verify your findings.
- Discuss how you communicated your findings to your supervisor or the client.
- Share the outcome of the situation and any lessons learned from the experience.
What not to say
- Failing to take ownership of your role in the audit.
- Downplaying the significance of the error or the audit process.
- Not mentioning how you communicated findings with your team.
- Avoiding discussion of the resolution or follow-up actions.
Sample answer
“During my internship at Deloitte, I was reviewing a client's financial records when I noticed discrepancies in the reported expenses. After double-checking the data, I confirmed that a significant amount had been mistakenly classified. I reported this to my supervisor, and together we approached the client for clarification. This led to a correction that improved the accuracy of their financial statements. This experience taught me the importance of thorough verification and clear communication.”