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B. K. Khare & Co Article Assistant Interview Questions, Process, and Tips

Updated 2 Nov 2024

B. K. Khare & Co Article Assistant Interview Experiences

1 interview found

Interview experience
5
Excellent
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Not Selected

I applied via Walk-in and was interviewed before Nov 2023. There was 1 interview round.

Round 1 - Technical 

(5 Questions)

  • Q1. Explain 5 clauses of CARO
  • Ans. 

    CARO clauses are important for auditing purposes

    • Clause 1: Reporting on internal financial controls

    • Clause 2: Reporting on statutory dues

    • Clause 3: Reporting on default in repayment of loans

    • Clause 4: Reporting on fraud by the company or its employees

    • Clause 5: Reporting on managerial remuneration

  • Answered by AI
  • Q2. What is Accounting standards, explain any 3 Accounting standards
  • Ans. 

    Accounting standards are guidelines for financial reporting that ensure consistency and transparency in financial statements.

    • Accounting Standard 1 (AS 1) - Disclosure of Accounting Policies: Requires companies to disclose their accounting policies in financial statements.

    • Accounting Standard 2 (AS 2) - Valuation of Inventories: Provides guidelines for the valuation of inventories, such as cost formulas and net realizabl...

  • Answered by AI
  • Q3. What are the balance sheet assertions?
  • Ans. 

    Balance sheet assertions are representations made by management regarding the accuracy and completeness of items on the balance sheet.

    • Existence - Assets and liabilities actually exist at a given date.

    • Rights and obligations - Assets are owned by the entity and liabilities are obligations of the entity.

    • Completeness - All assets, liabilities, and equity interests that should be recorded are included.

    • Valuation and allocati...

  • Answered by AI
  • Q4. How will you consider INDAS 115 and cutoff assertion together?
  • Ans. 

    INDAS 115 and cutoff assertion are considered together by ensuring revenue recognition is in compliance with INDAS 115 and cutoffs are accurately recorded.

    • Ensure revenue recognition is in compliance with INDAS 115 guidelines

    • Verify that cutoffs for revenue and expenses are accurately recorded

    • Review any potential impact of INDAS 115 on cutoff assertion

    • Consider the timing of revenue recognition and cutoffs in financial st

  • Answered by AI
  • Q5. What is the applicabilityof IND AS
  • Ans. 

    IND AS is applicable to all companies in India, aligning their financial reporting with international standards.

    • IND AS is applicable to all companies in India, including listed and unlisted companies.

    • It aims to align the financial reporting of Indian companies with international accounting standards.

    • Companies need to comply with the specific requirements and disclosures outlined in the applicable IND AS.

    • Examples of IND...

  • Answered by AI

Interview Preparation Tips

Topics to prepare for B. K. Khare & Co Article Assistant interview:
  • CARO
  • Accounting Standards
Interview preparation tips for other job seekers - Prepare CARO and Accounting standards thoroughly.

Interview questions from similar companies

Interview Questionnaire 

1 Question

  • Q1. Obs noted in audit
  • Ans. 

    Observed discrepancies during audit

    • Noted inconsistencies in financial records

    • Identified errors in inventory management

    • Observed lack of adherence to company policies

    • Discovered security vulnerabilities in IT systems

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Reading on audit areas and basic risk control
Interview experience
1
Bad
Difficulty level
-
Process Duration
-
Result
-
Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Do not use an unprofessional email address such as cool_boy@email.com. It shows a lack of professionalism by the candidate.
View all tips
Round 2 - Technical 

(1 Question)

  • Q1. Purchase checklist in manufacturing entities
  • Ans. 

    A purchase checklist in manufacturing entities ensures all necessary items are acquired for production.

    • Identify required raw materials and components

    • Check inventory levels to avoid overstock or stockouts

    • Verify supplier credentials and negotiate prices

    • Ensure timely delivery schedules are met

    • Monitor quality of purchased items

  • Answered by AI
Interview experience
3
Average
Difficulty level
Easy
Process Duration
4-6 weeks
Result
Selected Selected

I applied via Referral and was interviewed before Oct 2022. There were 4 interview rounds.

Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Be honest with your years of experience. All information you share will be verified at the time of joining.
View all tips
Round 2 - HR 

(4 Questions)

  • Q1. Tell me about yourself
  • Q2. Share experience
  • Q3. Salary expectation
  • Q4. Work location is fine to you?
Round 3 - Technical 

(4 Questions)

  • Q1. Best audit remarks discovered till date
  • Ans. 

    One of the best audit remarks discovered was related to identifying a significant financial discrepancy in the company's revenue recognition process.

    • Identifying a significant financial discrepancy in revenue recognition process

    • Highlighting potential risks in the company's financial reporting

    • Providing recommendations for improving internal controls

  • Answered by AI
  • Q2. Why want to join in audit
  • Q3. Types of audit done
  • Ans. 

    Types of audit include financial audit, operational audit, compliance audit, and forensic audit.

    • Financial audit: examines financial statements to ensure accuracy and compliance with laws and regulations

    • Operational audit: evaluates the efficiency and effectiveness of operations within an organization

    • Compliance audit: verifies adherence to laws, regulations, and internal policies

    • Forensic audit: investigates potential fra

  • Answered by AI
  • Q4. Fine with job Location
Round 4 - Behavioral 

(2 Questions)

  • Q1. Fine with job location
  • Q2. Excel expertise

Interview Preparation Tips

Interview preparation tips for other job seekers - Get a good package if you have good experience, just be confident and explain your past work smoothly.
Interview experience
4
Good
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Job Portal and was interviewed in Nov 2022. There were 2 interview rounds.

Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Keep your resume crisp and to the point. A recruiter looks at your resume for an average of 6 seconds, make sure to leave the best impression.
View all tips
Round 2 - Technical 

(2 Questions)

  • Q1. What do you mean by audit
  • Ans. 

    Audit is a systematic examination of financial records, statements, and transactions of an organization.

    • Audit is conducted to ensure accuracy, reliability, and compliance with laws and regulations.

    • It involves examining financial records, statements, and transactions of an organization.

    • Auditors provide an opinion on the fairness and accuracy of the financial statements.

    • Types of audits include internal audit, external au...

  • Answered by AI
  • Q2. Difference between statutory audit and internal audit
  • Ans. 

    Statutory audit is mandatory and conducted by external auditors while internal audit is voluntary and conducted by internal auditors.

    • Statutory audit is conducted to ensure compliance with legal and regulatory requirements while internal audit is conducted to evaluate and improve the effectiveness of internal controls.

    • Statutory audit is mandatory for all companies while internal audit is voluntary and can be conducted b...

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Study Internal Audit Accounting Standards and Standards on Auditing
Interview experience
3
Average
Difficulty level
Moderate
Process Duration
2-4 weeks
Result
Selected Selected

I applied via Referral and was interviewed in Jan 2023. There were 2 interview rounds.

Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Don’t add your photo or details such as gender, age, and address in your resume. These details do not add any value.
View all tips
Round 2 - HR 

(2 Questions)

  • Q1. Why internal audit & why not statutory audit..?
  • Ans. 

    Internal audit provides a more comprehensive view of the organization's operations and helps identify areas for improvement.

    • Internal audit focuses on evaluating and improving the effectiveness of an organization's risk management, control, and governance processes.

    • Statutory audit is a legal requirement and focuses on ensuring compliance with applicable laws and regulations.

    • Internal audit provides valuable insights into...

  • Answered by AI
  • Q2. Why Mahajan & Aibara and about company

Interview Preparation Tips

Interview preparation tips for other job seekers - Be prepare for internal audit qts and some internal controls
Interview experience
5
Excellent
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Newspaper Ad and was interviewed before Apr 2023. There were 2 interview rounds.

Round 1 - HR 

(1 Question)

  • Q1. What is Internal Audit
  • Ans. 

    Internal audit is a process conducted by an organization to evaluate and improve the effectiveness of risk management, control, and governance processes.

    • Internal audit helps organizations identify and mitigate risks, improve operational efficiency, and ensure compliance with laws and regulations.

    • Internal auditors provide independent and objective assessments of an organization's internal controls and processes.

    • Examples...

  • Answered by AI
Round 2 - Case Study 

Few case studies related audit were asked

Interview Preparation Tips

Interview preparation tips for other job seekers - Read basics of Internal Audit
Interview experience
4
Good
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Walk-in and was interviewed in Jan 2023. There were 3 interview rounds.

Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Keep your resume crisp and to the point. A recruiter looks at your resume for an average of 6 seconds, make sure to leave the best impression.
View all tips
Round 2 - HR 

(2 Questions)

  • Q1. Tell us about yourself
  • Ans. 

    I am a dedicated and hardworking individual with a strong interest in the field of accounting and finance.

    • I have completed my Bachelor's degree in Accounting and Finance from XYZ University.

    • During my studies, I gained practical experience through internships at ABC Accounting Firm and XYZ Bank.

    • I have a good understanding of financial statements, taxation, and auditing principles.

    • I am proficient in using accounting soft...

  • Answered by AI
  • Q2. When can you join us
  • Ans. 

    I can join you in two weeks from now.

    • I have a notice period of two weeks at my current job.

    • I need to wrap up my current projects before joining a new organization.

    • I can start on [specific date].

  • Answered by AI
Round 3 - Technical 

(2 Questions)

  • Q1. Many questions from your cv
  • Q2. Many questions related to syllabus

Interview Preparation Tips

Interview preparation tips for other job seekers - Be prepared about anything you write in cv and about syllabus
Interview experience
4
Good
Difficulty level
-
Process Duration
-
Result
-
Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Properly align and format text in your resume. A recruiter will have to spend more time reading poorly aligned text, leading to high chances of rejection.
View all tips
Round 2 - Technical 

(3 Questions)

  • Q1. Tell me about yourself IND AS related questions
  • Q2. Are ok with travelling
  • Ans. 

    Yes, I am comfortable with travelling for work purposes.

    • I am willing to travel for client meetings, audits, and other work-related tasks

    • I understand that travelling may be required occasionally and I am prepared for it

    • I have previous experience travelling for work during internships or previous jobs

  • Answered by AI
  • Q3. Do you have vehicle to travell around the city and daily up down from your home to Office and from office to home.
  • Ans. 

    Yes, I have a vehicle for daily commute to the office and back home.

    • Yes, I have a car that I use for daily transportation.

    • I ensure regular maintenance of my vehicle to avoid any breakdowns.

    • Having a vehicle allows me to be punctual and reliable for work.

    • In case of emergencies or late hours at work, having a vehicle is convenient for safe travel.

  • Answered by AI
Round 3 - HR 

(2 Questions)

  • Q1. What are your salary expectations
  • Q2. What is your preferable location

I appeared for an interview in Dec 2016.

Interview Preparation Tips

Round: Case Study Interview
Experience: They asked me that why do you want to become a CA .. so my reply was that I want to break that trend of my family where all my elders have been businessman
Tips: Just be yourself

College Name: Dyal Singh College

B. K. Khare & Co Interview FAQs

How many rounds are there in B. K. Khare & Co Article Assistant interview?
B. K. Khare & Co interview process usually has 1 rounds. The most common rounds in the B. K. Khare & Co interview process are Technical.
What are the top questions asked in B. K. Khare & Co Article Assistant interview?

Some of the top questions asked at the B. K. Khare & Co Article Assistant interview -

  1. How will you consider INDAS 115 and cutoff assertion togeth...read more
  2. What is Accounting standards, explain any 3 Accounting standa...read more
  3. What are the balance sheet assertio...read more

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B. K. Khare & Co Article Assistant Interview Process

based on 1 interview

Interview experience

5
  
Excellent
View more
B. K. Khare & Co Article Assistant Salary
based on 6 salaries
₹1 L/yr - ₹6 L/yr
30% less than the average Article Assistant Salary in India
View more details

B. K. Khare & Co Article Assistant Reviews and Ratings

based on 3 reviews

3.0/5

Rating in categories

2.5

Skill development

3.0

Work-life balance

4.0

Salary

2.5

Job security

2.0

Company culture

2.5

Promotions

3.0

Work satisfaction

Explore 3 Reviews and Ratings
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₹5.3 L/yr - ₹8.5 L/yr

Assistant Manager
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₹8.4 L/yr - ₹11.5 L/yr

Associate
8 salaries
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₹3.2 L/yr - ₹6 L/yr

Audit Executive
8 salaries
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₹4 L/yr - ₹9 L/yr

Senior Manager
7 salaries
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₹17 L/yr - ₹26 L/yr

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