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I applied via Walk-in and was interviewed before Nov 2023. There was 1 interview round.
Balance sheet assertions are representations made by management regarding the accuracy and completeness of items on the balance sheet.
Existence - Assets and liabilities actually exist at a given date.
Rights and obligations - Assets are owned by the entity and liabilities are obligations of the entity.
Completeness - All assets, liabilities, and equity interests that should be recorded are included.
Valuation and allocati...
INDAS 115 and cutoff assertion are considered together by ensuring revenue recognition is in compliance with INDAS 115 and cutoffs are accurately recorded.
Ensure revenue recognition is in compliance with INDAS 115 guidelines
Verify that cutoffs for revenue and expenses are accurately recorded
Review any potential impact of INDAS 115 on cutoff assertion
Consider the timing of revenue recognition and cutoffs in financial st...
I applied via Recruitment Consulltant
I appeared for an interview before Dec 2021.
Top trending discussions
I applied via Naukri.com and was interviewed before Jan 2021. There were 4 interview rounds.
I am a highly motivated and experienced professional with a strong background in management and leadership.
Over 5 years of experience in management roles
Proven track record of successfully leading teams and achieving targets
Excellent communication and problem-solving skills
Strong organizational and time management abilities
Ability to adapt to changing environments and handle multiple tasks
Example: As an Assistant Manag...
I applied via Naukri.com and was interviewed in Dec 2020. There was 1 interview round.
Observed discrepancies during audit
Noted inconsistencies in financial records
Identified errors in inventory management
Observed lack of adherence to company policies
Discovered security vulnerabilities in IT systems
A purchase checklist in manufacturing entities ensures all necessary items are acquired for production.
Identify required raw materials and components
Check inventory levels to avoid overstock or stockouts
Verify supplier credentials and negotiate prices
Ensure timely delivery schedules are met
Monitor quality of purchased items
I applied via Referral and was interviewed before Oct 2022. There were 4 interview rounds.
One of the best audit remarks discovered was related to identifying a significant financial discrepancy in the company's revenue recognition process.
Identifying a significant financial discrepancy in revenue recognition process
Highlighting potential risks in the company's financial reporting
Providing recommendations for improving internal controls
Types of audit include financial audit, operational audit, compliance audit, and forensic audit.
Financial audit: examines financial statements to ensure accuracy and compliance with laws and regulations
Operational audit: evaluates the efficiency and effectiveness of operations within an organization
Compliance audit: verifies adherence to laws, regulations, and internal policies
Forensic audit: investigates potential fra...
I have extensive experience with Excel, utilizing it for data analysis, reporting, and complex calculations in various projects.
Proficient in using formulas like VLOOKUP and INDEX-MATCH for data retrieval.
Created pivot tables to summarize large datasets for better insights.
Utilized conditional formatting to highlight key metrics in reports.
Automated repetitive tasks using macros to improve efficiency.
Developed dashboar...
posted on 18 Feb 2025
I appeared for an interview before Feb 2024.
Based on practicle case scenario
It was based on taxation accounts and real life experience.
based on 5 interview experiences
Difficulty level
Duration
based on 51 reviews
Rating in categories
10-16 Yrs
Not Disclosed
Executive
23
salaries
| ₹5 L/yr - ₹8.5 L/yr |
Assistant Manager
10
salaries
| ₹8.4 L/yr - ₹12.1 L/yr |
Audit Executive
10
salaries
| ₹4 L/yr - ₹9 L/yr |
Associate
9
salaries
| ₹3.2 L/yr - ₹6.3 L/yr |
Manager
7
salaries
| ₹14.5 L/yr - ₹19 L/yr |
T R Chadha & Co Llp
Aneja Associates
Synmac Consultants
Kirtane & Pandit