Audit in process...

If anyone of you works or have worked in a bank, you would be familiar with that knot in your stomach when the internal auditors arrive. Now these guys are not your regular auditors from the Big 5 because they ACTUALLY know how the business works and what to look at for. So obviously the questions that they ask are what I term as "leading questions"....yah, those that "lead" you to your career suicide.

This morning, I was cornered by one of them and this was the essence of the conversation. Let's call the auditor, N -

N: So what do you do with this report
Me: We send them to the traders(confident)
N: What happens if there are new bonds?
Me: We will pick them up from the main system (still pretty confident)
N: Can you miss any of these out?
Me: We have a trigger to highlight new bonds (somewhat uncomfortable)
N: Are the underwriting positions included?
Me: Errr.....dunno lah (OOPS!)

I swear these guys are trained to ask questions. They should be working for the police!!