sas 99 interview questions

Advance SAS Interview Question – Find the second max value for each of the category using PROC SQL

Start the interview by asking the interviewee how long they’ve been with the company. Ask what their specific job responsibilities are, who they report to, what a typical day is like for them. Earn their trust by listening and asking open-ended questions to allow them to keep speaking. Interviewees inherently become more comfortable when asked to speak about themselves, as well as when someone takes an interest in what they do each day. Ask for more detail when they speak of certain forms, lists, software or interactions that they have throughout the day

Sit across from the interviewee if possible, and assume a relaxed physical position. Use a smile and direct eye contact to begin the interview with a light and relaxed mood. Use some summarized notes to keep you organized for the interview, but employ them as little as possible to keep from appearing disinterested or unengaged. Writing notes throughout the interview is typically necessary, but they should be written down quickly and in a summarized fashion, so as not to cause alarm or appear concealing to the interviewee.

The order of the interviews is also important. You should start with interviewees that have the smallest concentration of responsibility within the company. As you work your way down the list of interviewees, and up the chain of command, you can corroborate stories or claims with individuals who may have oversight over those areas. As an example, if your interview with the machine operator on the floor of the manufacturing plant leads you to believe that supplies and parts are being stolen by workers in the plant, your questions during the inventory technician and CFO interview can be much more focused on the use, disposal and recording of parts inventory.

Because of their importance, fraud interviews should be completed as early as possible in any type of engagement. As part of an audit, they should be performed during preliminary procedures, and a high level of importance should be placed on completing them before audit procedures begin. During investigations, interviews should be one of the first procedures completed, as they have a direct effect on the focus and scope of the investigation. The scope of an investigation can be altered dramatically by what one discovers in an interview. Unnecessary procedures can be avoided and precious time saved through simple conversations upfront.

This material has been prepared for general, informational purposes only and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. Should you require any such advice, please contact us directly. The information contained herein does not create, and your review or use of the information does not constitute an accountant-client relationship.

Suspects an interview response is fishy. For example, the subject gives answers that conflict with known information, attempts to direct the questioning away from a sensitive area or topic, or changes his attitude or cooperation level in response to certain questions. The subject also might suddenly avert his eyes, make hand or other movements or change posture, facial expression or speech patterns. Don’t overreact to a discrepancy between body language and what a subject says, but do take the time to question more deeply.

Deal with reluctance. When sensitive issues come up, many interview subjects are reluctant to cooperate. This may be based on legitimate concerns about how much they should reveal to an auditor, fear of recrimination or disapproval for saying too much, cultural norms and business etiquette or even faulty memories. As much as possible, convey an attitude of cooperation. Use an interested, sympathetic tone in questioning and listening.

Structure the interview. Plan the three main phases of an interview. In the opening, make introductions, establish rapport, provide background information and observe. Develop your baseline for gauging the interview subject’s veracity from observing his or her responses to questions to which you know the answers. In the middle (core) of the interview obtain information, asking the “Who, what, where, when, how, why?” questions. At the closing, confirm your understanding, reiterate key facts and agree on next steps, including suggestions about others to interview.

At an early stage of the audit, auditors seek background information on an entity’s systems, procedures and controls. They may base queries on checklists or transaction flowcharts and ask clients and employees questions that require a simple “yes” or “no,” such as, “Do you reconcile the bank statement promptly at the end of each month?” Answers help establish the record of procedures a client claims to use and normally are validated by other information. At the other end of the skills scale, the forensic interviewer, experienced at designing and conducting interviews, tries to get subjects to reveal information they are attempting to shade or withhold.

Move from the general ( “Tell me about…” ) to the specific ( Who, what, where, when, why, how? ). Start with nonsensitive issues; ask questions to which you know the answer before proceeding to questions to which you don’t. Ask the subject for the basis of any conclusions he or she expresses. Actively listen, both with your ears and with your eyes. If a verbal response and visual clues differ, probe deeper. Keep personal reactions, judgments, disagreements or suspicions to yourself unless expressing them is an intentional part of the interview plan. Above all, keep the interview on track.

These are the top 20 resources and video content I found about fraud interview questions audit. Ive created this page to highlight the most recently updated (and useful!) resources for “fraud interview questions audit”. This guide was updated: 2022-06-28. If you are searching for a job, good luck on the hunt! ~ Scott from Sumry.me

FAQ

What is SAS 99 interview?

SAS NO. 99, Consideration of Fraud in a Financial Statement Audit, paragraphs 20 through 26, specifies questions auditors should ask management and others in checking for fraud risk. The challenge is that those individuals committing wrongful acts and fraud can—and do—lie to the auditor or manager.

What does SAS No. 99 require?

SAS no. 99 requires you to consider management’s selection and application of significant accounting principles as part of your overall response to the risks of material misstatement. The new standard focuses your attention on accounting principles related to subjective measurements and complex transactions.

What does SAS 99 stand for?

99: Consideration of Fraud in a Financial Statement Audit, commonly abbreviated as SAS 99, is an auditing statement issued by the Auditing Standards Board of the American Institute of Certified Public Accountants (AICPA) in October 2002.

What are the major provisions of SAS 99?

SAS 99 requires auditors to approach engagements with professional skepticism, a questioning mind, and an awareness that fraud can occur anywhere and anytime, regardless of prior experience with a company.

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