Protiviti India Member Senior Consultant Interview Questions and Answers

Experienced Senior Consultant with a strong background in project management, strategic planning, and team leadership across various industries.

• Over 10 years of experience in consulting, specializing in operational efficiency and process improvement.

• Led a team of 15 in a project that increased client revenue by 30% through strategic market analysis.

• Skilled in stakeholder management, having successfully navigated c...read more

I have over 10 years of experience in consulting, focusing on strategy development and operational improvement across various industries.

• Led a team of consultants in a project for a Fortune 500 company, resulting in a 20% increase in operational efficiency.

• Developed a comprehensive market entry strategy for a tech startup, which successfully launched in three new regions within a year.

• Conducted in-depth data analy...read more

Month end process refers to the activities and tasks that need to be completed at the end of each month to ensure accurate financial reporting.

• Closing financial books for the month

• Reconciling accounts

• Preparing financial statements

• Reviewing financial performance

• Analyzing variances

• Posting adjusting entries

• Ensuring compliance with regulations

• Communicating results to stakeholders

To settle an open item, review the details, communicate with stakeholders, and take necessary actions.

• Review the open item and gather all relevant information

• Communicate with stakeholders to clarify any discrepancies or issues

• Take necessary actions to resolve the open item, such as making adjustments or corrections

• Document the resolution and follow up to ensure it is properly settled

Reconciliation is the act of making two or more things compatible or consistent with each other.

• Reconciliation involves resolving conflicts or differences between parties.

• It can also refer to the process of balancing financial accounts to ensure accuracy.

• Examples include reconciling bank statements, reconciling relationships after a disagreement, and reconciling conflicting beliefs or values.

Accrual entries are posted to match revenues and expenses in the period they are incurred, regardless of when cash is exchanged.

• Accrual entries help in matching revenues and expenses in the same period

• They ensure financial statements reflect the true financial position of a company

• Accrual accounting follows the matching principle

• Example: Accrued salaries expense recognizes the cost of employee salaries earned but ...read more

Major risks in procure to pay process include fraud, errors, compliance issues, and supply chain disruptions.

• Fraudulent activities such as invoice fraud or vendor collusion

• Errors in data entry leading to incorrect payments or duplicate invoices

• Non-compliance with regulations and policies, resulting in penalties or legal issues

• Supply chain disruptions like late deliveries or quality issues impacting operations

ISO 27001 is a standard for information security management system (ISMS) implementation.

• ISO 27001 provides a framework for managing and protecting sensitive information.

• The implementation process involves conducting a risk assessment, developing policies and procedures, and establishing controls.

• Documentation is a critical component of ISO 27001 implementation, including policies, procedures, and records.

• Regular ...read more