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Haribhakti & Co Interview Questions and Answers
6 Interview questions
AS2 is a standard for secure data transmission between businesses, with audit considerations including data integrity, authentication, and non-repudiation.
AS2 stands for Applicability Statement 2
It is a protocol used for secure and reliable data transmission over the internet
Audit considerations include ensuring data integrity during transmission
Authentication of the sender and receiver to prevent unauthorized acc...
Audit of a company involves examining financial records, internal controls, and compliance with regulations.
Understand the company's business operations and industry standards
Review financial statements and supporting documents
Assess internal controls and identify any weaknesses
Test transactions for accuracy and completeness
Ensure compliance with laws and regulations
Prepare audit reports with findings and recommen...
Materiality is the concept of determining the significance or importance of an item or event in relation to the financial statements.
Materiality helps auditors decide what information to focus on during an audit
It is based on the size, nature, and circumstances of an item or event
Materiality is subjective and can vary depending on the context
Examples include large dollar amounts, significant errors, and key transa...
Materiality is calculated based on factors like size, nature, and risk of the financial statements.
Determine the base amount for materiality (e.g. total assets, total revenue)
Apply a percentage to the base amount to calculate materiality threshold (e.g. 5% of total assets)
Consider qualitative factors like the nature of the entity, industry regulations, and potential impact on users of the financial statements
Adjus...
The three lines of defence refer to the roles and responsibilities of different functions within an organization to manage risks effectively.
First line of defence: Operational management responsible for identifying, assessing, and managing risks on a day-to-day basis.
Second line of defence: Risk management and compliance functions that oversee and support the first line by establishing policies, procedures, and co...
Audit standard refers to the set of guidelines and criteria that auditors must follow while conducting an audit.
Audit standard ensures consistency and quality in audit processes.
It provides a framework for auditors to plan, perform, and report on their findings.
Examples of audit standards include International Standards on Auditing (ISA) and Generally Accepted Auditing Standards (GAAS).
Haribhakti & Co Interview Experiences
13 interviews found
Anonymous
Selected
I applied via Walk-in and was interviewed in Jul 2024. There was 1 interview round.
(5 Questions)
- Q1. Tell me about yourself?
- Ans.
I am a detail-oriented and analytical individual with a strong background in accounting and auditing.
Graduated with a degree in Accounting
Completed internships at accounting firms
Strong understanding of auditing principles
Proficient in financial analysis and reporting
- Q2. Ind As related questions and entire CV based questions
- Q3. WHAT IS MATERIALITY?
- Ans.
Materiality is the concept of determining the significance or importance of an item or event in relation to the financial statements.
Materiality helps auditors decide what information to focus on during an audit
It is based on the size, nature, and circumstances of an item or event
Materiality is subjective and can vary depending on the context
Examples include large dollar amounts, significant errors, and key transaction...
- Q4. HOW TO CALCULATE MATERIALITY?
- Ans.
Materiality is calculated based on factors like size, nature, and risk of the financial statements.
Determine the base amount for materiality (e.g. total assets, total revenue)
Apply a percentage to the base amount to calculate materiality threshold (e.g. 5% of total assets)
Consider qualitative factors like the nature of the entity, industry regulations, and potential impact on users of the financial statements
Adjust mat...
- Q5. HOW TO DO AUDIT OF COMPANY?
- Ans.
Audit of a company involves examining financial records, internal controls, and compliance with regulations.
Understand the company's business operations and industry standards
Review financial statements and supporting documents
Assess internal controls and identify any weaknesses
Test transactions for accuracy and completeness
Ensure compliance with laws and regulations
Prepare audit reports with findings and recommendatio...
Interview Preparation Tips
- IND AS
- STANDARDS ON AUDITING
(1 Question)
- Q1. Ind as 115 109 as
Selected
I applied via Referral and was interviewed in Jan 2023. There were 3 interview rounds.
(1 Question)
- Q1. There were general questions like 1. Tell me about yourself (mandatory questions) 2. Family background 3. My attempt and marks 4. My 10th and 12th maths marks 5. Why CA 6. Preferred field Interview was ...
(2 Questions)
- Q1. This round was more of a general discussion round rather than a technical round. Even you don't need to prepare for the interview They just need the cheap articles and they will take you forsure
- Q2. General questions were there if you are an article you don't need to prepare anything just chill and relax and be confident that's it 😉
Interview Preparation Tips
Happy journey and hope you will be successfull in your life
Keep hustling
Detailed test followed by onterview
(2 Questions)
- Q1. Auditing standards related questions were asked
- Q2. Accounting standards related questions were asked
Selected
(2 Questions)
- Q1. Asked about past experience in the field
- Q2. What role was played in the team in past organization
Interview Preparation Tips
Swaapneil D
(2 Questions)
- Q1. Technical knowledge on Internal Audit
- Q2. What are 3 lines of defence
- Ans.
The three lines of defence refer to the roles and responsibilities of different functions within an organization to manage risks effectively.
First line of defence: Operational management responsible for identifying, assessing, and managing risks on a day-to-day basis.
Second line of defence: Risk management and compliance functions that oversee and support the first line by establishing policies, procedures, and control...
(2 Questions)
- Q1. How much do you expect for remuneration
- Q2. How much do you expect remuneration
Interview Preparation Tips
I applied via Referral
(2 Questions)
- Q1. It was related to Internal audit, time management,
- Q2. People management, staff development, challenges faced, experiences
Interview Preparation Tips
Selected
I applied via Walk-in and was interviewed before Nov 2023. There was 1 interview round.
(2 Questions)
- Q1. What is AS2 and what are the audit considerations
- Ans.
AS2 is a standard for secure data transmission between businesses, with audit considerations including data integrity, authentication, and non-repudiation.
AS2 stands for Applicability Statement 2
It is a protocol used for secure and reliable data transmission over the internet
Audit considerations include ensuring data integrity during transmission
Authentication of the sender and receiver to prevent unauthorized access
No...
- Q2. Why would you join Haribhakti
Interview Preparation Tips
(2 Questions)
- Q1. Tell me about your self
- Q2. About your profile
(1 Question)
- Q1. As Audit standard
- Ans.
Audit standard refers to the set of guidelines and criteria that auditors must follow while conducting an audit.
Audit standard ensures consistency and quality in audit processes.
It provides a framework for auditors to plan, perform, and report on their findings.
Examples of audit standards include International Standards on Auditing (ISA) and Generally Accepted Auditing Standards (GAAS).
(1 Question)
- Q1. Tell me about ur self
Interview Preparation Tips
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Haribhakti & Co Interviews By Designations
- Haribhakti & Co Article Trainee Interview Questions
- Haribhakti & Co Senior Manager Interview Questions
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Haribhakti & Co Reviews and Ratings
based on 83 reviews
Rating in categories
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Associate
57
salaries
|  ₹5 L/yr - ₹12 L/yr |
|
Assistant Manager
31
salaries
| ₹5.8 L/yr - ₹18 L/yr |
|
Senior Associate
31
salaries
| ₹5.7 L/yr - ₹12.5 L/yr |
|
Article Assistant
30
salaries
| ₹1 L/yr - ₹6.5 L/yr |
|
Manager
25
salaries
| ₹9.5 L/yr - ₹23 L/yr |
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