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BDO Audit and Assurance Executive Interview Questions, Process, and Tips

Updated 20 Oct 2024

Top BDO Audit and Assurance Executive Interview Questions and Answers

BDO Audit and Assurance Executive Interview Experiences

2 interviews found

Interview experience
4
Good
Difficulty level
Moderate
Process Duration
-
Result
Not Selected
Round 1 - Technical 

(3 Questions)

  • Q1. What is substantive testing and control testing
  • Ans. 

    Substantive testing involves testing the accuracy and completeness of financial information, while control testing evaluates the effectiveness of internal controls.

    • Substantive testing is used to gather evidence on the accuracy and completeness of financial information.

    • Control testing is used to evaluate the effectiveness of internal controls in place to prevent and detect errors or fraud.

    • Substantive testing includes pr...

  • Answered by AI
  • Q2. How will you audit accounts payable and receivable?
  • Ans. 

    Accounts payable and receivable are audited by examining invoices, payments, reconciliations, and internal controls.

    • Reviewing invoices and matching them to purchase orders and receiving reports

    • Confirming balances with vendors and customers

    • Analyzing aging reports to identify overdue payments

    • Testing internal controls related to authorization, recording, and reconciliation of transactions

    • Performing cutoff tests to ensure

  • Answered by AI
  • Q3. What is materiality?
  • Ans. 

    Materiality is the concept of determining the significance or importance of information in relation to a specific context.

    • Materiality is a subjective concept that varies depending on the nature of the information and its impact on decision-making.

    • It involves assessing whether the information, if omitted or misstated, would influence the decisions of users of the financial statements.

    • Materiality is often considered in t...

  • Answered by AI
Interview experience
4
Good
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Not Selected

I applied via Naukri.com and was interviewed in Apr 2024. There was 1 interview round.

Round 1 - Technical 

(2 Questions)

  • Q1. What is materiality?
  • Ans. 

    Materiality is the concept of determining the significance or importance of information in relation to a specific context.

    • Materiality helps auditors decide what information is important enough to include in their reports

    • It is based on the principle that only significant information should be included in financial statements

    • Materiality is influenced by factors such as the size of the item, its nature, and the needs of t

  • Answered by AI
  • Q2. What is substantive test and test of control?
  • Ans. 

    Substantive tests are procedures performed to detect material misstatements in financial statements, while tests of controls evaluate the effectiveness of internal controls.

    • Substantive tests are used to gather evidence about the completeness, accuracy, and validity of the financial information.

    • Examples of substantive tests include analytical procedures, substantive analytical procedures, and tests of details.

    • Tests of c...

  • Answered by AI

Audit and Assurance Executive Interview Questions Asked at Other Companies

asked in BDO
Q1. How will you audit accounts payable and receivable?
Q2. Audit Methodology of various key financial line item. Purpose and ... read more
asked in BDO
Q3. What is substantive test and test of control?
asked in BDO
Q4. What is substantive testing and control testing
Q5. Difference between old caro and new caro rules ?

Interview questions from similar companies

I applied via Referral and was interviewed before Dec 2020. There were 3 interview rounds.

Interview Questionnaire 

3 Questions

  • Q1. Difference between old caro and new caro rules ?
  • Ans. 

    Old CARO and New CARO are two different sets of auditing standards in India.

    • Old CARO was applicable from 2003 to 2015, while New CARO was introduced in 2016.

    • New CARO has more stringent reporting requirements, including reporting on internal financial controls.

    • New CARO also requires auditors to report on frauds committed by the company or its employees.

    • New CARO has increased the number of reporting requirements from 12 ...

  • Answered by AI
  • Q2. Verification of Fixed Assets ?
  • Q3. Audit asscerations ?

Interview Preparation Tips

Interview preparation tips for other job seekers - candidate must studied about CARO rules, Standard of Auditing specifically SA 500 series and 700 series and be confident

Associate Interview Questions & Answers

PwC user image Anonymous

posted on 16 Jul 2021

I applied via Referral and was interviewed in Jun 2021. There was 1 interview round.

Interview Questionnaire 

2 Questions

  • Q1. Tell me about youself
  • Q2. What is materiality level
  • Ans. 

    Materiality level is the threshold at which financial information becomes significant enough to influence the decision-making of users.

    • Materiality level is determined by the size and nature of the item or error being evaluated.

    • It is used to determine what information needs to be disclosed in financial statements.

    • If an item is below the materiality level, it may not need to be disclosed.

    • Materiality level can vary depend...

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - read

Interview Questionnaire 

1 Question

  • Q1. 3 rounds were there. Project related questions along with 3 simple programming questions

Associate Interview Questions & Answers

PwC user image Anonymous

posted on 31 Dec 2021

I applied via Naukri.com and was interviewed before Dec 2020. There were 5 interview rounds.

Interview Questionnaire 

1 Question

  • Q1. Different Aspects of GST vis a vis erstwhile tax regime. Recent GST changes. GST related numerical questions.
  • Ans. 

    GST has replaced multiple indirect taxes with a single tax. Recent changes include simplified return filing and reduced rates for certain items.

    • GST has replaced multiple indirect taxes like VAT, excise duty, service tax, etc.

    • It has simplified the tax structure and reduced the cascading effect of taxes.

    • Recent changes include the introduction of simplified return filing through GST Sahaj and GST Sugam.

    • GST rates have been...

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Being prepared in the respective tax/accounting/audit field is helpful. Being confident and showing an eagerness to learn is what is seen as an essential quality.

Associate Interview Questions & Answers

PwC user image Anonymous

posted on 25 Oct 2021

I applied via Recruitment Consultant and was interviewed in Apr 2021. There were 4 interview rounds.

Interview Questionnaire 

1 Question

  • Q1. Case studies

Interview Preparation Tips

Interview preparation tips for other job seekers - Prepare for field related case studies for every round if giving interview for analytics team.

I applied via Naukri.com and was interviewed in Apr 2021. There were 3 interview rounds.

Interview Questionnaire 

1 Question

  • Q1. General technical questions about java, jdbc, mysql and about cloud, then what is the challenge faced by you in your life.

Interview Preparation Tips

Interview preparation tips for other job seekers - Be patient, to become the key of success

I applied via Naukri.com and was interviewed in Aug 2020. There was 1 interview round.

Interview Questionnaire 

3 Questions

  • Q1. Tell me about yourself
  • Q2. Share your experience working with your first organization
  • Q3. Do you understand business development

Interview Preparation Tips

Interview preparation tips for other job seekers - For me the direct round happened was with the Partner and he asked me about the work I have done in my first organization soon after my Engg. However, I informed him that I have done MBA and have worked for quite some time now post MBA. but he wanted to hear the work I did in my first organization.

I applied via Recruitment Consultant and was interviewed in Feb 2021. There was 1 interview round.

Interview Questionnaire 

1 Question

  • Q1. IFRS standards on the technical side
  • Ans. 

    IFRS standards are a set of accounting rules that companies must follow to report financial information accurately.

    • IFRS stands for International Financial Reporting Standards

    • IFRS is used by companies in over 100 countries

    • IFRS provides a common language for financial reporting

    • IFRS covers topics such as revenue recognition, leases, and financial instruments

    • IFRS is constantly evolving and being updated to reflect changes

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Be confident and smart even if you don't know a particular thing, show them about your conviction to do whatever it takes to join the role and how EY means to you, learn the job profile and its requirements, ask better questions, explore the technical side of the role like Ind AS, IFRS standards
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BDO Interview FAQs

How many rounds are there in BDO Audit and Assurance Executive interview?
BDO interview process usually has 1 rounds. The most common rounds in the BDO interview process are Technical.
What are the top questions asked in BDO Audit and Assurance Executive interview?

Some of the top questions asked at the BDO Audit and Assurance Executive interview -

  1. How will you audit accounts payable and receivab...read more
  2. What is substantive test and test of contr...read more
  3. What is substantive testing and control test...read more

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BDO Audit and Assurance Executive Interview Process

based on 2 interviews

Interview experience

4
  
Good
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