AArete Associate Interview Questions and Answers

Q1. Tell me about yourself
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Q2. Articleship Experience
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Q1. What are Risks and Controls in a PROCESS audit
Ans. 
Risks and controls in a process audit help identify potential issues and ensure compliance with regulations.
• Risks in a process audit refer to potential events or circumstances that could negatively impact the effectiveness or efficiency of the process.

• Controls in a process audit are measures put in place to mitigate risks and ensure that the process operates effectively and in compliance with regulations.

• Examples of ri...read more
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Q2. Significant observation came across in Internal Audit
Ans. 
The significant observation in Internal Audit was related to discrepancies in financial records.
• Identified irregularities in financial transactions

• Discovered unauthorized access to sensitive information

• Uncovered potential fraud or embezzlement

• Highlighted weaknesses in internal controls

• Recommended improvements to prevent future issues
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Basic accounting questions will be asked in this round.

Q1. Questions related to accruals, prepaid, depreciation will be asked.
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Q1. Ask about the self info?
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Q2. Ask about company?
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Conduct a test aptitude

Q1. Ask self info
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Q2. Ask about the some cirtical situations how face it that
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Guesstimate given, brief about past experience, financial questions

Q1. Previous experience
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Q2. Technical knowledge
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Q1. Salary expectations
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Q2. Traveling sourced
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Q1. What is Primary and Secondary Research?
Ans. 
Primary research is original research conducted by the researcher, while secondary research is the analysis of existing research.
• Primary research involves collecting new data through methods such as surveys, interviews, and experiments.

• Secondary research involves analyzing existing data from sources such as books, journals, and online databases.

• Primary research is more time-consuming and expensive than secondary resear...read more
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