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BDO RISE Private Limited Statutory Audit Associate Interview Questions, Process, and Tips

Updated 24 Aug 2024

BDO RISE Private Limited Statutory Audit Associate Interview Experiences

1 interview found

Interview experience
4
Good
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
No response

I applied via Referral and was interviewed in Jul 2024. There were 2 interview rounds.

Round 1 - Technical 

(4 Questions)

  • Q1. What are assertions
  • Ans. 

    Assertions are claims or statements made by management regarding the financial statements.

    • Assertions are made by management about the accuracy, completeness, and validity of the financial statements.

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

    • Auditors use these assertions to assess the risk of material misstatement in the financial statements.

    • For examp...

  • Answered by AI
  • Q2. 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 is a threshold used to assess whether an item is significant enough to impact decision-making by users of financial statements.

    • It is based on both quantitative and qualitative factors, such as the size of the item, nature of the item, and potential impact on stakeholders.

    • Materiali...

  • Answered by AI
  • Q3. How would you check cash and bank balances
  • Ans. 

    To check cash and bank balances, I would perform bank reconciliations, verify deposits and withdrawals, and review bank statements.

    • Perform bank reconciliations to ensure the balance in the company's books matches the bank statement

    • Verify deposits and withdrawals by comparing them to supporting documentation such as deposit slips and checks

    • Review bank statements for any discrepancies or unauthorized transactions

    • Investig...

  • Answered by AI
  • Q4. Explain revenue recognition
  • Ans. 

    Revenue recognition is the process of recording revenue in the financial statements when it is earned, regardless of when the cash is received.

    • Revenue is recognized when it is realized or realizable and earned.

    • The amount of revenue to be recognized is based on the consideration received or expected to be received in exchange for goods or services.

    • Revenue recognition principles may vary based on the industry and specifi...

  • Answered by AI
Round 2 - Behavioral 

(2 Questions)

  • Q1. Industry specific questions
  • Q2. Ind as 116 accounting

Interview questions from similar companies

I applied via Naukri.com and was interviewed in Mar 2021. There were 5 interview rounds.

Interview Questionnaire 

1 Question

  • Q1. There were three rounds. First was HR, then Ops and lastly Salary discussion. Ops round was basically technical round where you will be interviewed on your technical knowledge.

Interview Preparation Tips

Interview preparation tips for other job seekers - Prepare well on your technical knowledge.

I applied via Naukri.com and was interviewed before Feb 2021. There were 4 interview rounds.

Round 1 - Assignment 

.

Round 2 - HR 

(3 Questions)

  • Q1. Share details of your previous job.
  • Q2. What are your salary expectations?
  • Q3. Tell me about yourself.
Round 3 - Technical 

(1 Question)

  • Q1. Question related to Job profile , experience.
Round 4 - HR 

(3 Questions)

  • Q1. What are your salary expectations?
  • Q2. What is your family background?
  • Q3. What are your strengths and weaknesses?

Interview Preparation Tips

Interview preparation tips for other job seekers - Be prepared for questions basis job profile.

I applied via Recruitment Consultant and was interviewed before Jul 2020. There were 4 interview rounds.

Interview Questionnaire 

3 Questions

  • Q1. What was your expectation from this new role?
  • Q2. Can you elaborate on your past experiences?
  • Q3. What do you want to work with EY GDS?

Interview Preparation Tips

Interview preparation tips for other job seekers - Be as authentic as you can be when you go in for the interview. Do your homework and prepare your own questions - most interviewers at EY are sharp and ask very pertinent questions.

I applied via Campus Placement and was interviewed before Jul 2020. There were 4 interview rounds.

Interview Questionnaire 

4 Questions

  • Q1. What is bank reconciliation?
  • Ans. 

    Bank reconciliation is the process of comparing a company's bank statement with its own accounting records.

    • It helps to identify any discrepancies between the two records.

    • It ensures that all transactions are accurately recorded in the company's books.

    • It involves matching transactions on the bank statement with transactions in the company's accounting system.

    • Any differences are investigated and resolved.

    • Examples of items...

  • Answered by AI
  • Q2. What is cash flow statement?
  • Ans. 

    Cash flow statement is a financial statement that shows the inflow and outflow of cash in a business over a period of time.

    • It shows the sources of cash and how it is used.

    • It is divided into three sections: operating, investing, and financing activities.

    • It helps in analyzing the liquidity and solvency of a business.

    • Example: A company's cash flow statement shows that it has a positive cash flow from operating activities,...

  • Answered by AI
  • Q3. Journal entries
  • Q4. More questions on cash flow statement by asking and example

Interview Preparation Tips

Interview preparation tips for other job seekers - Prepare basics of accounts only for technical round

I applied via Recruitment Consultant and was interviewed before Apr 2020. There were 6 interview rounds.

Interview Questionnaire 

4 Questions

  • Q1. What was my experience in stakeholder management? Am I comfortable in pushing stakeholders back and standing my ground.
  • Ans. 

    Yes

    • I have extensive experience in stakeholder management throughout my career.

    • I am comfortable in pushing back stakeholders when necessary and standing my ground.

    • I prioritize open and effective communication with stakeholders to ensure their needs are met.

    • I have successfully managed stakeholders in various projects, including one where conflicting interests needed to be resolved.

    • I believe in building strong relationshi...

  • Answered by AI
  • Q2. How do I perform and manage under pressure?
  • Ans. 

    I perform and manage under pressure by staying calm, prioritizing tasks, seeking support, and maintaining focus.

    • Stay calm and composed to think clearly and make rational decisions

    • Prioritize tasks based on urgency and importance

    • Seek support from colleagues or supervisors when needed

    • Maintain focus by setting goals and breaking them down into manageable steps

    • Example: In my previous role, during a high-pressure project dea...

  • Answered by AI
  • Q3. Best examples of managing campaigns and negotiating between stakeholders.
  • Ans. 

    Successfully managed campaigns and negotiated between stakeholders for various projects.

    • Developed and executed a social media campaign for a non-profit organization, resulting in a 30% increase in donations.

    • Negotiated with vendors to reduce costs by 15% for a company's annual conference.

    • Managed a political campaign, coordinating with volunteers and stakeholders to ensure a successful election.

    • Collaborated with cross-fu...

  • Answered by AI
  • Q4. What am I looking for in my new role and how do I want to grow in it?
  • Ans. 

    I am looking for a challenging role where I can contribute my expertise and continue to grow professionally.

    • Opportunity to work on complex projects

    • Ability to lead and mentor junior team members

    • Continued learning and professional development

    • Opportunities for advancement and career growth

    • Collaborative and supportive work environment

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Prepare your interview as per your resume. Prepare well and be ready to explain things in details. Also, there will be 2-3 rounds of interview on average and it may go up to 3-4 depending on role and seniority

Interview Questionnaire 

1 Question

  • Q1. Introduction

Interview Questionnaire 

1 Question

  • Q1. INDAS, CARO, SAs

I applied via Referral and was interviewed before Dec 2021. There were 3 interview rounds.

Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Don’t add your photo or details such as gender, age, and address in your resume. These details do not add any value.
View all tips
Round 2 - HR 

(2 Questions)

  • Q1. General background questions
  • Q2. Questions related to work experience
Round 3 - Technical 

(1 Question)

  • Q1. Questions related to work done in the last organisation

Interview Preparation Tips

Interview preparation tips for other job seekers - Be practical for all the questions and if you don't know the answer just deny it.

I applied via Monster and was interviewed in Mar 2021. There were 3 interview rounds.

Interview Questionnaire 

1 Question

  • Q1. Salary appraisal

Interview Preparation Tips

Interview preparation tips for other job seekers - They looking who is having 4-6 years of experience in relevant field for Cochin location.

BDO RISE Private Limited Interview FAQs

How many rounds are there in BDO RISE Private Limited Statutory Audit Associate interview?
BDO RISE Private Limited interview process usually has 2 rounds. The most common rounds in the BDO RISE Private Limited interview process are Technical and Behavioral.
What are the top questions asked in BDO RISE Private Limited Statutory Audit Associate interview?

Some of the top questions asked at the BDO RISE Private Limited Statutory Audit Associate interview -

  1. How would you check cash and bank balan...read more
  2. What are asserti...read more
  3. What is material...read more

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BDO RISE Private Limited Statutory Audit Associate Interview Process

based on 1 interview

Interview experience

4
  
Good
View more

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