Lodha & Company Manager Internal Audit Interview Questions and Answers

Qofe adjustment refers to the process of adjusting the quality of financial statements to reflect the true financial position of a company.

• Qofe adjustment is done to ensure that financial statements accurately reflect the financial position of a company.

• There are two types of Qofe adjustments: permanent and temporary.

• Permanent Qofe adjustments are made to correct errors in the financial statements that are not expected...read more

The 5 principals of internal audit are integrity, objectivity, confidentiality, competency, and compliance.

• Integrity: being honest and truthful in all aspects of the audit process

• Objectivity: remaining impartial and unbiased throughout the audit

• Confidentiality: ensuring that sensitive information is protected and kept confidential

• Competency: possessing the necessary knowledge and skills to perform the audit effectively

• ...read more

Asset management is the professional management of various types of assets, including real estate, to maximize their value and generate returns.

• Asset management involves the strategic planning, acquisition, operation, and disposition of assets.

• Real estate sector refers to the industry that deals with the buying, selling, and management of properties.

• Asset management in the real estate sector focuses on optimizing the v...read more

The India real estate sector has experienced significant growth in the past.

• The real estate sector in India has witnessed a boom in the past few decades.

• Rapid urbanization and population growth have fueled the demand for housing and commercial spaces.

• Government initiatives like the introduction of Real Estate Regulatory Authority (RERA) and affordable housing schemes have further stimulated the sector.

• Foreign direct in...read more

I am a dedicated professional with a background in finance and a passion for problem-solving and teamwork.

• Education: Graduated with a degree in Finance from XYZ University, where I was involved in the finance club.

• Experience: Worked as an intern at ABC Corp, where I assisted in financial analysis and reporting.

• Skills: Proficient in Excel and financial modeling, with a strong ability to analyze data and present findings...read more

My articleship experience was enriching, providing hands-on exposure to various aspects of accounting and auditing.

• Worked on auditing financial statements for small to medium-sized enterprises, enhancing my analytical skills.

• Assisted in tax planning and compliance, which deepened my understanding of tax regulations and their implications.

• Participated in client meetings, improving my communication skills and ability to ...read more