ANB Consulting Co. Audit Associate Interview Questions and Answers

Q1. They don't ask anything great just basic easy questions
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Q2. 5 principals of internal audit......
Ans. 
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
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Guesstimate given, brief about past experience, financial questions

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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Q1. INCOME TAX AUDIT IND AS SCH 3
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Q2. RATE OF INCOME TAX FOR VARIOUS ENTITY SEC 185 AND 186 OF COMPANY LAW CARO 2020 BASIC OF AUDIT
Ans. 
The rate of income tax varies for different entities based on the provisions of the Companies Act and CARO 2020.
• Income tax rates for companies are different from those for individuals and other entities.

• Section 185 and 186 of the Companies Act provide guidelines for income tax rates for companies.

• CARO 2020 (Companies Auditor's Report Order) also impacts the income tax rates for companies.

• Auditors need to be aware of th...read more
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Q1. CV overview i.e education and corporate experience
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Q1. What is asset management & real estate sector
Ans. 
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
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Q2. How India Real Estate Sector grow in past
Ans. 
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
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Q3. Company Overview
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Q4. Excel Formula related question
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Regarding problem-solving

Regarding sql question

Q1. Tell me about yourself and standard tell me about a project
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