BDO RISE Private Limited Senior Assurance Interview Questions and Answers

Q1. About Ind As 115 and 116
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Q2. Audit procedure of inventory ,subsequent events
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Audit procedure of inventory and subsequent events
• Obtain inventory listing and reconcile with general ledger

• Inspect inventory for damage, obsolescence, and valuation accuracy

• Review subsequent events for any impact on inventory valuation

• Evaluate management's estimates and assumptions related to inventory

• Consider the impact of any changes in accounting policies or procedures

• Test the accuracy of inventory counts and cutof...read more
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Adobe Iluustrator assignment of a 4 pager layout

Q1. How will you deal with multiple projects
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Q2. How to deal with work related issues
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Address work related issues by communicating openly, seeking solutions collaboratively, and prioritizing tasks effectively.
• Communicate openly with colleagues and supervisors to address any issues that arise

• Seek solutions collaboratively by brainstorming with team members and seeking input from others

• Prioritize tasks effectively to ensure that important issues are addressed in a timely manner
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Q1. Journal entries related to deferred revenue, accrual
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Q2. Journal entries related to recording of expenses and incomes
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Assignment is accounting related

Q1. Concept of deffered accounting
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Deferred accounting refers to recognizing revenue or expenses at a later date than when they are actually incurred.
• Deferred accounting is used to match revenue and expenses with the period in which they are actually earned or incurred.

• Common examples include prepaid expenses and unearned revenue.

• Deferred tax liabilities and assets are also examples of deferred accounting.

• It helps in accurately reflecting the financial
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Q2. Journal entries for amortization
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Journal entries for amortization involve recording the gradual reduction in value of intangible assets over time.
• Amortization is the process of allocating the cost of intangible assets over their useful life.

• Debit the Amortization Expense account and credit the Accumulated Amortization account.

• Journal entry example: Debit Amortization Expense $1,000, Credit Accumulated Amortization $1,000.

• Amortization does not apply to
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Q3. Depreciation accounting
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Q1. Salary discussion
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Q1. About your previous work
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Q1. How will you handle situations
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Q2. Risk of material misstatement procedure
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Risk of material misstatement procedure is a process to identify and assess the risk of errors or fraud in financial statements.
• The procedure involves understanding the entity and its environment, including internal controls.

• It also includes assessing the risks of material misstatement due to fraud or error.

• The auditor then designs and performs audit procedures to address the identified risks.

• Examples of procedures inc...read more
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