Based on documentation gathered, your internal audit fraud team has sufficient evidence to prove that a...

Based on documentation gathered, your internal audit fraud team has sufficient evidence to prove that a warehouse manager for the company where you work has been stealing inventory. You have been assigned to lead the interview of the manager. How would you prepare for an interview at the company’s warehouse offices? Include how you would initially contact the warehouse manager for an interview. Also, include in your discussion how you would prepare the interview room and how you would conduct yourself during the interview.

Solutions

Expert Solution

Interview of the manager shall be conducted with the following steps :

1) First of all determination of the objective of this interview, credibility
& bhaviour of interviewees, maintaining confidentiality and reputatio of
interviewees. So initially my self will directly contact to the warehouse
manager without any other person help to maintain confidentiality. Room
for interview should be confidential proved and enough prechecking should
be conducted before starting interview.

2) Start the conversation with positive gesture like "welcom you" and continue by
asking his background, history and asking daily routine and after that ask the listing
question which serve the purpose of interview and maximum information as can
gathered. Some of the suggested question may be like what do you like in this
company, what do not like in this company, your favourate employee, your favourate
task, etc.

3) After starting phase, come to the point of investigation for stealing inventory
and ask why was it happen? Give manager full time to express his view and listen
carefully and don’t misunderstand his view. Ask how long time it's happening to
decide extent of loss. Ask other person involved with you. Inform legal obligation
and ask his final clarification on the same.

4) Interview shoule be written and finally inverviewees signature is required thereon.
Conclude the interview and submit the same to the management.

ekkarill92 answered 1 year ago

Next > < Previous

Related Solutions

Explain Audit Evidence in particular (i) Sufficient Audit Evidence (ii) Relevant Audit Evidence (iii) ...

Explain Audit Evidence in particular (i) Sufficient Audit Evidence (ii) Relevant Audit Evidence (iii) Reliable Audit Evidence

Which of the following statements is most accurate regarding sufficient and appropriate documentation? Audit documentation is...

Which of the following statements is most accurate regarding sufficient and appropriate documentation? Audit documentation is the property of the client, and sufficient and appropriate copies should be retained by the auditor for at least 5 years. Sufficient and appropriate documentation should include evidence that it has been reviewed. Accounting estimates are not considered sufficient and appropriate documentation. If additional evidence is required to document significant findings or issues, the original evidence is not considered sufficient and appropriate and therefore...

Gathering sufficient appropriate evidence for the internal audit engagement requires extensive interaction and communication with auditee...

Gathering sufficient appropriate evidence for the internal audit engagement requires extensive interaction and communication with auditee personnel throughout the engagement. ( ) Agree ( ) Disagree, give reason:

evaluate the internal control structure of an organization discuss the required documentation and audit work based...

evaluate the internal control structure of an organization discuss the required documentation and audit work based on the evaluation of internal controls

HKSA 500 “Audit Evidence” requires the auditor to obtain sufficient appropriate audit evidence to be able...

HKSA 500 “Audit Evidence” requires the auditor to obtain sufficient appropriate audit evidence to be able to draw reasonable conclusions on which to base the audit opinion. HKSA500 also identifies different types of audit procedures for obtaining audit evidence as well as offers guidance on how to assess the reliability of audit evidence. Required: For the four audit procedures which are Observation, Re-calculation, Inspection, Analytical procedures, describe an audit test using each of the procedure above to obtain evidence as...

22. ISA 500 Audit evidence requires auditors to obtain sufficient appropriate audit evidence to be able...

22. ISA 500 Audit evidence requires auditors to obtain sufficient appropriate audit evidence to be able to draw reasonable conclusions on which to base their audit opinion. Discuss the different sources of evidence available to auditors and assess their relative appropriateness

SSA 500 Evidence requires audior to obtain sufficient and appropriate audit evidence to be able to...

SSA 500 Evidence requires audior to obtain sufficient and appropriate audit evidence to be able to draw reasonable conclusions on which to base the audit opinion. Discuss the audit procedures that can be performed to collect evidence and evaluate the reliability of these procedures in ensuring that appropriate audit evidence has been obtained. (500 words minimum)

Consider the type of information and evidence that should be gathered when completing the audit of...

Consider the type of information and evidence that should be gathered when completing the audit of the internal control activities related to the warranty reserve account at Hamilton. To do so, please ask yourself about the type of information that would be helpful to determine whether the internal control activities were operating effectively. How can you be sure that the information gathered is reliable? In addition, how can you be sure that the evidence is appropriate in this situation? Finally,...

14. Which of the following types of evidence will be gathered in order to test internal...

14. Which of the following types of evidence will be gathered in order to test internal controls? A. Confirmations of accounts receivable with customers B. Observation of client personnel receiving inventory shipments C. Observation of inventory counts D. Inquiry of management regarding significant litigation 15. Which of the following statements is true? A. tests of controls are necessary if the auditors plans to use the primarily substantive approach B. Tests of controls are necessary...

Auditors must obtain sufficient appropriate audit evidence to issue an audit opinion on the financial statements....

Auditors must obtain sufficient appropriate audit evidence to issue an audit opinion on the financial statements. In order to gain that evidence, auditors may use a combination of tests of controls and substantive procedures. Required: . Discuss a test of control and a substantive procedure. Give at least one example of each that may be used when auditing the completeness of corporate payroll system.

Subjects