BDO India LLP Consultant Interview Questions and Answers

Q1. Describe each step of P2P Process with risk at each step.
Ans. 
P2P Process involves requisition, approval, purchase order, goods receipt, invoice verification, and payment.
• Requisition: Risk of incorrect or unauthorized requests leading to unnecessary purchases.

• Approval: Risk of delays or errors in approval process causing delays in procurement.

• Purchase Order: Risk of incorrect details or unauthorized purchases being made.

• Goods Receipt: Risk of receiving damaged or incorrect goods,...read more
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Q2. What is ghost employee and how can we identify ghost employee?
Ans. 
A ghost employee is a fictitious employee created by someone to embezzle funds from a company.
• Ghost employees may have fake identities and bank accounts.

• They may receive paychecks without actually working for the company.

• To identify ghost employees, cross-check employee records with HR and payroll data.

• Look for discrepancies in employee attendance, performance, and salary payments.

• Conduct regular audits and reviews of
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Q3. What checks can you perform from PO dump?
Ans. 
Perform various checks on purchase order data dump
• Verify accuracy of vendor information

• Check for duplicate PO numbers

• Ensure correct pricing and quantities

• Validate delivery dates

• Confirm approval signatures
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Q1. Are you ok with travelling and late sitting?
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Q2. We need you to join from next Monday.
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Q1. Fundamentals of audit
Ans. 
Fundamentals of audit involve examining financial records, internal controls, and compliance with laws and regulations.
• Audit is a systematic examination of financial records, internal controls, and compliance with laws and regulations.

• Auditors gather evidence to support their findings and opinions.

• Audits can be external (performed by independent auditors) or internal (performed by employees within the organization).

• The...read more
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Can artifical intelligence replace humans

Q1. Resume based interview
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Q2. What is your job role
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Q3. Hobbies and deep discussion about it
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Q1. Tell me about your past Experience?
Ans. 
I have over 5 years of experience working as a consultant in various industries.
• Worked with clients to analyze their needs and provide tailored solutions

• Led project teams to successful completion of deliverables

• Developed and implemented strategies to improve efficiency and profitability

• Collaborated with stakeholders at all levels to ensure project success
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Q2. How do handle the conflicts in your team.
Ans. 
I address conflicts in my team by promoting open communication, active listening, and facilitating constructive discussions.
• Encourage open communication among team members to address conflicts early on

• Practice active listening to understand all perspectives involved

• Facilitate constructive discussions to find mutually beneficial solutions

• Set clear expectations and guidelines for resolving conflicts peacefully

• Lead by exa...read more
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Q1. P2P process and risk at each step.
Ans. 
P2P process involves requisition, approval, purchase order, goods receipt, invoice receipt, and payment.
• Requisition: Request for goods or services

• Approval: Authorization of the requisition by appropriate personnel

• Purchase Order: Formal document to the supplier specifying the details of the purchase

• Goods Receipt: Verification of goods received matching the purchase order

• Invoice Receipt: Receipt of invoice from the suppl
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Q2. Major observations or risk identified in your internal audit experience.
Ans. 
Key risks identified in internal audit experience
• Lack of segregation of duties leading to potential fraud

• Inadequate controls over financial reporting

• Insufficient IT security measures

• Non-compliance with regulations and policies

• Weaknesses in inventory management
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Q3. How to identified ghost employees?
Ans. 
Ghost employees can be identified by cross-referencing payroll records with HR records and conducting regular audits.
• Cross-reference payroll records with HR records to identify discrepancies

• Conduct regular audits of employee information and payroll to detect any anomalies

• Implement strong internal controls and segregation of duties to prevent ghost employees

• Use biometric verification or time-tracking systems to ensure e...read more
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Q4. What procedure can you perform from PO dump?
Ans. 
You can perform procedures such as creating purchase orders, updating purchase orders, cancelling purchase orders, etc. from a PO dump.
• Creating new purchase orders based on the information in the dump

• Updating existing purchase orders with new information

• Cancelling purchase orders that are no longer needed

• Reviewing and analyzing purchase order data for insights
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Q1. Some personal questions.
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