Following the previous forum post, imagine that you passed the interview for the Internal Auditor role due to your satisfying and on-point responses. Now you are officially an Internal Auditor working for a pharmaceutical company which main products are supplements. One day your department receives lots of reports for the following cases:

a. Production is slowing down despite the high market demand. The supplies could hardly meet the demand. (hint: fixed asset/inventories management for raw products)

b. Consumers complain about expired products being sold to them. (hint: inventories / cost flow / internal control)

c. Inconsistency bookkeeping for petty cash, in which the trial balance doesn’t agree with the supporting documents. (hint: cash on hand / internal control / fraud)

Your department lets you decide on the case you would like to take on. Feel free to pick the case which interests you the most and formulates your answer in a concise manner for the following questions:

a. Based on your understanding, what could be the causes of the case you choose?

b. How do you plan to investigate the case?

c. What is the best recommendation you can suggest to your management?

Answer rating: 100% (QA)

a Based on your understanding what could be the causes of the case you choose Based on my understand... View the full answer