Amol Kulkarni & Associates Article and Audit Assistant Interview Questions and Answers

Internal control refers to the processes, policies, and procedures implemented by an organization to safeguard its assets, ensure accuracy of financial records, and promote operational efficiency.

• Internal control is a system of checks and balances designed to prevent errors, fraud, and misuse of resources.

• It includes activities such as segregation of duties, authorization and approval processes, physical safeguards, an...read more

AS 10, AS 15, AS 6 are Accounting Standards issued by the Institute of Chartered Accountants of India (ICAI).

• AS 10: Accounting for Fixed Assets - provides guidelines for recognition, measurement, and disclosure of fixed assets.

• AS 15: Employee Benefits - deals with accounting and disclosure of employee benefits such as gratuity, leave encashment, etc.

• AS 6: Depreciation Accounting - provides guidance on accounting for de...read more

Yes, I am familiar with Tally ERP.

• I have used Tally ERP extensively during my previous job as an Audit Assistant.

• I am proficient in using Tally ERP for various accounting tasks such as recording transactions, generating financial reports, and managing inventory.

• I have experience in setting up company profiles, creating ledgers, and performing bank reconciliations using Tally ERP.

• I am also familiar with Tally ERP's taxa...read more