BDO Interview Questions and Answers

Easy aptitude test, it would not take much time if your base is strong in power bi and SQL.

Q1. Power bi technical questions and then SQL technical questions. Data engineering questions was also there.
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Q1. Normal hr round for final discussion.
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Is EV good for India ?

Q1. Audit of Specified Accounts
Ans. 
Audit of specified accounts involves examining specific financial accounts to ensure accuracy and compliance.
• Identify the specified accounts to be audited based on risk assessment

• Review transactions and balances related to the specified accounts

• Perform substantive testing to verify the accuracy of the accounts

• Document findings and communicate any discrepancies to management

• Ensure compliance with relevant accounting sta
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Q2. Ind AS 115, Ind AS 116, Ind AS 2
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Q3. Difference between Current assets and Financial Assets
Ans. 
Current assets are assets that are expected to be converted into cash or used up within one year, while financial assets are assets that are traded in financial markets.
• Current assets include cash, accounts receivable, inventory, and prepaid expenses

• Financial assets include stocks, bonds, derivatives, and other securities

• Current assets are used in day-to-day operations of a business, while financial assets are typicall
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Q4. How to determine materiality
Ans. 
Materiality is determined by considering the impact of an error on financial statements and users' decision-making.
• Consider the size and nature of the item in relation to the financial statements

• Assess the potential impact on users' decision-making

• Take into account regulatory requirements and industry standards

• Use professional judgment to determine materiality thresholds

• Materiality can vary based on the specific circum
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Q5. How to do audit of Fixed Assets
Ans. 
Audit of Fixed Assets involves verifying existence, ownership, valuation, and physical condition of assets.
• Reviewing the fixed assets register to ensure all assets are recorded accurately

• Physically inspecting the assets to verify their existence and condition

• Checking ownership documents to confirm legal ownership of the assets

• Evaluating the valuation method used for fixed assets to ensure it complies with accounting st...read more
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Q1. Why did you go for BDO?
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Q1. What is transfer pricing?
Ans. 
Transfer pricing is the setting of prices for goods and services sold between related entities within an organization.
• Transfer pricing is used to ensure that transactions between related entities are conducted at arm's length to prevent tax evasion.

• It involves determining the price at which goods or services are transferred between different divisions or subsidiaries of a company.

• Transfer pricing can impact the taxable...read more
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