BDO Interview Questions, Process, and Tips

Q1. Tell me about yourself
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Q2. What was your best subject in college
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Online based aptitude test which included accounts. journal and ledger

Q1. Whats your experrince in taxation
Ans. 
I have over 5 years of experience in taxation, including preparing tax returns, conducting tax research, and advising clients on tax planning strategies.
• Prepared individual and business tax returns accurately and efficiently

• Conducted tax research to stay up-to-date on changing tax laws and regulations

• Advised clients on tax planning strategies to minimize tax liabilities

• Assisted with IRS audits and resolving tax issues

• W...read more
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Q2. What is accounting rules
Ans. 
Accounting rules are guidelines and principles that govern the preparation of financial statements and ensure consistency and accuracy.
• Accounting rules help ensure that financial information is recorded accurately and consistently.

• They provide guidelines on how to classify, measure, and report financial transactions.

• Examples of accounting rules include the matching principle, revenue recognition principle, and the hist
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Q3. Heads of income amd their explanations
Ans. 
Heads of income refer to different categories under which income is classified for tax purposes.
• Heads of income include salary, house property, business or profession, capital gains, and other sources.

• Salary income includes income from employment, bonuses, allowances, etc.

• House property income includes rental income from properties owned by the individual.

• Business or profession income includes income from self-employme...read more
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Q1. Where do you live
Ans. 
I live in a cozy apartment in the heart of the city.
• I live in a bustling urban area

• My apartment is located near several restaurants and shops

• I enjoy the convenience of being close to public transportation
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Q2. Your qualification
Ans. 
I am a Chartered Accountant with a Bachelor's degree in Commerce.
• Chartered Accountant qualification obtained from Institute of Chartered Accountants of India

• Bachelor's degree in Commerce from XYZ University

• Specialized in accounting, auditing, taxation, and financial management
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Q1. Section 44ad/ab
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Q2. What is the difference between public & private co
Ans. 
Public companies are owned by the general public through shares traded on the stock exchange, while private companies are owned by a small group of individuals or investors.
• Public companies have shares that are traded on the stock exchange, allowing anyone to buy or sell them.

• Private companies are owned by a small group of individuals or investors, and their shares are not publicly traded.

• Public companies are required ...read more
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Q1. What is Materiality ?
Ans. 
Materiality is the concept of determining the significance or importance of an item or event in relation to financial statements.
• Materiality helps auditors decide what information to focus on during an audit

• It is based on the principle that only items that could influence the decisions of users of financial statements need to be disclosed

• Materiality is influenced by factors such as size, nature, and circumstances of an...read more
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Q1. What are assertions in audit ?
Ans. 
Assertions in audit are management's claims about the accuracy and completeness of financial statements.
• Assertions are used by auditors to assess the validity of financial statement items.

• There are different types of assertions such as existence, completeness, valuation, rights and obligations, and presentation and disclosure.

• For example, an auditor may test the existence assertion by physically inspecting inventory.

• As...read more
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Q1. What are your salary expectations
Ans. 
My salary expectations are in line with industry standards and commensurate with my experience and qualifications.
• Research industry standards for executive trainers

• Consider my level of experience and qualifications

• Be prepared to negotiate based on the specific job responsibilities and benefits package
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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
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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...read more
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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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