Artefact Interview Questions and Answers

A mall's daily revenue depends on various factors such as location, size, footfall, and tenant mix.

• The location of the mall plays a crucial role in determining its daily revenue.

• The size of the mall also affects the revenue as larger malls tend to have more tenants and footfall.

• The footfall in the mall is directly proportional to the revenue generated.

• The tenant mix is another important factor as high-end stores tend t...read more

Money laundering is the process of making illegally obtained money appear legal.

• Money is moved through a series of transactions to conceal its origin

• The money is often invested in legitimate businesses or assets

• The launderer may use shell companies or offshore accounts to hide the money

• Examples include drug trafficking, embezzlement, and tax evasion

• Money laundering is a serious crime with severe penalties

I completed my articleship in a reputed CA firm where I gained exposure to various aspects of accounting and auditing.

• Worked on audit assignments for clients in different industries

• Prepared financial statements and tax returns

• Assisted in statutory audits and tax audits

• Learned about internal controls and risk management

• Attended client meetings and interacted with clients

• Developed skills in using accounting software and

Key controls in Procurement to payment process include segregation of duties, approval hierarchy, and invoice matching.

• Segregation of duties to prevent fraud and errors

• Approval hierarchy to ensure proper authorization

• Invoice matching to verify accuracy of invoices

• Vendor master data management to prevent duplicate or fraudulent vendors

• Purchase order management to ensure goods/services are received as ordered

• Contract man...read more

Observations during articleship

• Lack of proper guidance from seniors

• Long working hours and high workload

• Limited exposure to different areas of work

• Inadequate training on soft skills and communication

• Inconsistent quality of work assigned

• Opportunities to learn from mistakes and take ownership of work

• Importance of time management and prioritization

• Significance of building professional relationships

• Understanding the importa