AKGVG & Associates Senior Auditor Interview Questions and Answers

Q1. Self Introduction
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Q2. About the accounting feilds
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Q1. Tell me about your self
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Q2. Basic accounting entries
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Q3. Work in progress formula
Ans. 
The work in progress formula calculates the value of unfinished goods or services in production.
• The work in progress formula is: Beginning WIP + Manufacturing Costs - Ending WIP

• Beginning WIP is the value of unfinished goods at the start of the accounting period

• Manufacturing Costs include direct materials, direct labor, and overhead costs

• Ending WIP is the value of unfinished goods at the end of the accounting period
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Q1. Balancesheet related question
Ans. Balancesheet under current assets cash and bank,advance
Answered by Jill Mehta
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Q2. What is the Gstr-3b due date
Ans. 
The Gstr-3b due date is the deadline for filing the monthly summary return for GST.
• The Gstr-3b due date is usually the 20th of the following month.

• For example, if you are filing for the month of January, the due date would be February 20th.

• Failure to file Gstr-3b by the due date may result in penalties.
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Q3. Tds return due date
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Q1. Tests managerial skills
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Q1. General Questions
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Q1. Basic questions for background, salary exp, experience
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Q1. Manager round. Questions are framed based on the various business processes.
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Q1. In detail experience of current & past assignment
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Q2. Self introduction
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Q1. Tell me About yourself
Ans. 
Experienced audit executive with a strong background in financial analysis and risk management.
• Over 10 years of experience in auditing and financial analysis

• Skilled in risk management and compliance

• Led successful audits for Fortune 500 companies

• Strong communication and leadership skills

• Certified Public Accountant (CPA)
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Q2. Inventory valuation
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The process was very clear.

Q1. What makes you the ideal candidate for this position?
Ans. 
I possess a strong attention to detail, analytical skills, and a commitment to accuracy.
• I have a background in accounting and finance, with experience in auditing procedures.

• I am highly organized and able to manage multiple tasks efficiently.

• I have excellent communication skills, allowing me to work effectively with clients and team members.

• I am dedicated to continuous learning and professional development to stay curr
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Q1. What are your salary expectations?
Ans. 
My salary expectations are in line with industry standards for Audit Associates with my level of experience.
• Research industry standards for Audit Associate salaries

• Consider my level of experience and qualifications

• Be prepared to negotiate based on benefits and opportunities for growth
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Q1. Things related to balance sheet items and details regarding the same
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Q1. Accounting standards and my previous job works
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