Annapurna Finance Internal Auditor Interview Questions and Answers

There should be an aptitude test which is totally based on commerce, general knowledge and computer

Q1. Tell me something about yourself
Ans. 
I am a dedicated and detail-oriented internal auditor with a strong background in risk assessment and compliance.
• Over 5 years of experience in internal auditing

• Skilled in risk assessment and compliance

• Detail-oriented and analytical mindset

• Strong communication and problem-solving skills
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Q2. What is balance sheet
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Balance sheet is a financial statement that shows a company's assets, liabilities, and shareholders' equity at a specific point in time.
• Balance sheet provides a snapshot of a company's financial position

• It includes assets (what the company owns), liabilities (what the company owes), and shareholders' equity (the difference between assets and liabilities)

• The balance sheet equation is Assets = Liabilities + Shareholders'...read more
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Q1. About the commerce golden rule
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Q2. What is profit and loss account
Ans. 
A profit and loss account is a financial statement that summarizes the revenues, costs, and expenses incurred during a specific period.
• It shows the company's financial performance by detailing the total revenue generated and the expenses incurred to generate that revenue.

• The difference between the total revenue and total expenses is the net profit or loss for the period.

• It helps stakeholders assess the profitability an...read more
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Q3. What is debtors and creditors
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Debtors are individuals or entities who owe money to a company, while creditors are individuals or entities to whom a company owes money.
• Debtors are customers who have purchased goods or services on credit and have not yet paid for them.

• Creditors are suppliers or vendors from whom a company has purchased goods or services on credit and has not yet paid for them.

• Debtors are listed as assets on a company's balance sheet,...read more
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Q1. What are your salary expectations?
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Q2. When are you available to join?
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Q1. Willing to travel
Ans. 
Yes, I am willing to travel for work.
• I am open to traveling for work assignments

• I understand the importance of on-site audits and investigations

• I am flexible with my schedule to accommodate travel requirements
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Q2. Yes . i am willing to travel
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Q1. What is your current ctc
Ans. 
My current CTC is confidential and I would prefer not to disclose it.
• I am not comfortable sharing my current CTC as it is confidential information.

• I believe that discussing salary details should be done in a more appropriate setting, such as during negotiations or with HR.

• I would prefer to focus on my qualifications and experience rather than my current salary.
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Q2. What is your current role
Ans. 
I am currently working as a Financial Analyst at a multinational corporation.
• Analyzing financial data and trends to provide insights and recommendations

• Preparing financial reports and forecasts

• Assisting in budgeting and financial planning

• Conducting variance analysis and performance tracking

• Collaborating with other departments to support decision-making
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Q1. Assked ABOUT School achievement. Interest in sports extra curriculum activists wtc
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Q2. Current finance minister
Ans. 
The current finance minister of the country is Nirmala Sitharaman.
• Nirmala Sitharaman became the finance minister in May 2019.

• She is the first full-time female finance minister of India.

• She has presented two Union Budgets so far, in 2019 and 2020.

• She has also introduced several economic reforms and policies, such as the Corporate Tax Cut and the Atmanirbhar Bharat Abhiyan.
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Q1. Normal questions just introduction
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Basic aptitude test . quantivative

Nbfc . in india and its performance

Q1. Reportings applicable to function
Ans. 
Reportings are essential for any function to track progress and identify areas of improvement.
• Regular reports should be generated to track progress and identify areas of improvement.

• Reports should be customized to the specific function and its goals.

• Reports should be easily understandable and actionable.

• Examples of reportings applicable to functions include sales reports, performance reports, and budget reports.
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Q2. Regulatory updates going on business environment
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Regulatory updates are constantly shaping the business environment, impacting industries and companies in various ways.
• Regulations can affect everything from product development to marketing and sales strategies

• Changes in regulations can create new opportunities or pose challenges for businesses

• Industries such as healthcare, finance, and technology are particularly affected by regulatory updates

• Examples of recent regul...read more
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