B. K. Khare & Co Manager Interview Questions and Answers

Q1. Risks of functional audits
Ans. 
Functional audits carry risks that can impact the organization.
• Lack of objectivity: Auditors may have biases or conflicts of interest that can affect the audit process.

• Limited scope: Functional audits may focus on specific areas, potentially overlooking broader organizational issues.

• Resistance to change: Audits can uncover deficiencies or areas for improvement, which may be met with resistance from employees or managem...read more
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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
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Q1. Tell me about yourself
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Q2. Share experience
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Q3. Salary expectation
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Q4. Work location is fine to you?
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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
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Q2. Why want to join in audit
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Q3. Types of audit done
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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
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Q4. Fine with job Location
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Q1. Fine with job location
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Q2. Excel expertise
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Q1. Realated past experience and knowledge
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Q1. Taxation direct and indirect, accounts
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Based on practicle case scenario

It was based on taxation accounts and real life experience.

Aptitude test has been conducted

Q1. Technical questions was asked
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