Deloitte Assistant Manager Interview Questions and Answers

Access control testing is a process of evaluating the security measures in place to ensure only authorized users have access to resources.

• Access control testing involves assessing the effectiveness of access control mechanisms such as passwords, biometrics, and access control lists.

• It helps identify vulnerabilities in the system that could potentially allow unauthorized access.

• Common techniques used in access control t...read more

UATs in change management refer to User Acceptance Tests, which are conducted to ensure that changes made to a system meet user requirements.

• UATs are performed by end users or stakeholders to validate that the system meets their needs and functions correctly.

• UATs are typically the final phase of testing before implementing changes in a production environment.

• UATs help to identify any issues or discrepancies between the...read more

The act is enacted through a series of steps and procedures to ensure compliance and implementation.

• The act is typically passed by a legislative body, such as a parliament or congress.

• It may involve the creation of regulations and guidelines to clarify the intent of the act.

• Enforcement mechanisms are put in place to ensure compliance with the act.

• Monitoring and evaluation processes are often established to assess the e...read more

In my previous role, I managed audits by ensuring compliance, preparing documentation, and collaborating with auditors effectively.

• Preparation: I maintained organized records and documentation throughout the year, which made the audit process smoother and more efficient.

• Collaboration: I worked closely with auditors, providing them with the necessary information and answering their queries promptly to facilitate their r...read more

Financial assets are tangible assets like cash, stocks, bonds, etc. Non-financial assets are intangible assets like goodwill, patents, trademarks, etc.

• Financial assets have a monetary value and can be easily converted into cash, such as stocks, bonds, and cash.

• Non-financial assets do not have a monetary value and are not easily converted into cash, such as goodwill, patents, and trademarks.

• Financial assets are typicall...read more

Disclosure requirements under schedule 3 for MSME creditors include providing details of outstanding dues, reasons for delay in payment, and steps taken to address delays.

• MSME creditors must disclose details of outstanding dues to MSME suppliers.

• Reasons for delay in payment must be disclosed by MSME creditors.

• Steps taken to address delays in payment should be disclosed by MSME creditors.

• Disclosure requirements aim to p...read more

Ind AS 115 is a revenue recognition standard that establishes principles for recognizing revenue from contracts with customers.

• Ind AS 115 replaces the existing revenue recognition guidance in Ind AS 18 and Ind AS 11.

• It introduces a five-step model for revenue recognition: identify the contract, identify the performance obligations, determine the transaction price, allocate the transaction price to the performance oblig...read more

Deloitte is a global leader in professional services with a strong reputation for innovation and client service. London offers a diverse business environment and opportunities for personal and professional growth.

• Deloitte is known for its innovative solutions and client-focused approach

• London is a hub for diverse industries and offers opportunities for personal and professional growth

• Deloitte's presence in London provi...read more

Different doc pricing procedures are used for various reasons such as cost differentiation, customer segmentation, and legal compliance.

• Cost differentiation - Different pricing procedures may be used to reflect the varying costs associated with different types of documents or services.

• Customer segmentation - Pricing procedures can be tailored to different customer segments based on their willingness to pay or value per...read more

16 steps of the production planning process

• 1. Forecasting demand for products

• 2. Developing a production plan based on demand

• 3. Determining the resources needed for production

• 4. Scheduling production activities

• 5. Procuring raw materials and components

• 6. Setting up production facilities

• 7. Training staff on production processes

• 8. Monitoring production progress

• 9. Quality control of products

• 10. Packaging finished products

• 11...read more

We use a tiered pricing procedure based on customer type and quantity purchased.

• Tiered pricing based on customer type (retail, wholesale, etc.)

• Discounts applied for larger quantities purchased

• Regularly review and adjust pricing based on market trends

• Utilize pricing software to streamline the process