AKGVG & Associates Article Assistant Interview Questions and Answers

Q1. What do you mean by audit
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Q2. Difference between statutory audit and internal audit
Ans. 
Statutory audit is mandatory and conducted by external auditors while internal audit is voluntary and conducted by internal auditors.
• Statutory audit is conducted to ensure compliance with legal and regulatory requirements while internal audit is conducted to evaluate and improve the effectiveness of internal controls.

• Statutory audit is mandatory for all companies while internal audit is voluntary and can be conducted b...read more
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English, maths , audit, gst ( basics not that much hard)

Q1. Some standard of auditing , accounting standards
Ans. 
Auditing standards are guidelines for conducting audits, while accounting standards are rules for preparing financial statements.
• Auditing standards provide a framework for auditors to follow during an audit process.

• Accounting standards dictate how financial statements should be prepared and presented.

• Examples of auditing standards include ISA (International Standards on Auditing) and PCAOB (Public Company Accounting Ov...read more
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Q2. Tell me about yourself
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Q3. What is your strengths
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It was a aptitude based examination

Q1. Hr was asking very basic questions
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Q2. Tell me about yourself
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Q1. What is residential status
Ans. 
Residential status refers to the classification of an individual based on the amount of time they have spent in a particular country during a financial year.
• Residential status determines the tax liability of an individual in a specific country.

• It is important for tax purposes and can vary based on the number of days spent in the country.

• There are different categories of residential status such as resident, non-resident...read more
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Q2. Read direct tax from your bokk
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Direct tax is a tax imposed directly on individuals or organizations by the government.
• Direct tax is levied on income, profits, or assets of individuals or businesses.

• Examples of direct taxes include income tax, corporate tax, and property tax.

• Direct taxes are paid directly to the government by the taxpayer.
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Q1. Tell me about yourself?
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Q2. Family background
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Q1. Why internal audit & why not statutory audit..?
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Q2. Why Mahajan & Aibara and about company
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Q1. What is Internal Audit
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Few case studies related audit were asked