BDO India LLP Senior Assistant Interview Questions and Answers

Test of 30 minutes of the field you choice proper paper no mcq

Q1. Basics of tax explain from basic
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Q1. Every tds sextion and rate you know
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Q1. Explain DCF valuation method
Ans. 
DCF valuation method is a financial valuation technique used to estimate the value of an investment based on its future cash flows.
• Discounted Cash Flow (DCF) valuation method involves estimating the future cash flows of an investment and discounting them back to their present value.

• It takes into account the time value of money, as cash received in the future is worth less than cash received today.

• The formula for DCF va...read more
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Q2. Walk me through your deal experience
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I have extensive deal experience in negotiating contracts, managing due diligence processes, and closing transactions.
• Negotiated and closed multiple contracts with vendors and clients

• Managed due diligence processes for mergers and acquisitions

• Closed several high-value transactions in the past year
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Q1. Why Grant thornton?
Ans. Sir GT  is indias largest tax,assurance and advisory firm. A truly indian firm with global connections and while ho through the company's website I got to know that you are a global network of 68000 people in 147 markets with a common goal- to help people business flourish. And to be able to sit or work with these people would be a golden opportunity for me. And i also got to know that Your culture is always open, incl...read more
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Q2. Why stat audit?
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Stat audit is important for ensuring accuracy, compliance, and transparency in financial statements.
• Stat audit helps in verifying the accuracy of financial statements and ensuring that they are free from material misstatements.

• It provides assurance to stakeholders that the financial information presented is reliable and trustworthy.

• Stat audit helps in detecting and preventing fraud, errors, and irregularities in financ...read more
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Q3. How would you receive negative comments?
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Q4. Where do you see yourself after 5 years?
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Q1. What is materiality? Difference between overall and performance materiality?
Ans. 
Materiality refers to the significance or importance of an item or event in relation to financial statements.
• Materiality is a concept used in auditing and accounting to determine the relevance of information.

• It involves assessing the impact of an item or event on the financial statements and whether it would influence the decisions of users.

• Materiality is subjective and depends on the nature and size of the entity bein...read more
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Q1. Basic discussion
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Q1. How to you perform analytics review of a financial statement ?
Ans. 
Performing analytics review of a financial statement involves analyzing key financial ratios, trends, and variances to assess the financial health of a company.
• Start by calculating key financial ratios such as liquidity, profitability, and solvency ratios.

• Compare the current financial statement with previous periods to identify trends and changes.

• Analyze variances between actual and budgeted figures to understand the r...read more
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Q2. How to you identify opportunities for automation in the audit engagement
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Identifying opportunities for automation in audit engagements involves analyzing repetitive tasks, manual processes, and areas with high risk of errors.
• Analyze the audit process to identify repetitive tasks that can be automated, such as data entry or report generation

• Look for manual processes that are time-consuming and prone to errors, such as reconciliations or data validation

• Identify areas with high risk of errors,...read more
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Q1. Tell me about yourself?
Ans. 
I am a dedicated and hardworking individual with a passion for learning and growth.
• Graduate in Accounting from XYZ University

• Completed internship at ABC Accounting Firm

• Proficient in MS Excel and QuickBooks

• Strong analytical and problem-solving skills

• Excellent communication and teamwork abilities
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Q2. Why you want to join in Statutory audit?
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