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Bhupinder Shah & Company Audit Management Manager Interview Questions and Answers
Bhupinder Shah & Company Audit Management Manager Interview Experiences
1 interview found
Anonymous
I applied via Naukri.com and was interviewed in Mar 2022. There were 2 interview rounds.
(8 Questions)
- Q1. What are your salary expectations?
- Ans.
I would expect a salary that is competitive and reflective of my experience and qualifications.
I would like to discuss the salary range for this position based on the responsibilities and expectations.
I am open to negotiation and would like to ensure that my compensation aligns with industry standards.
I believe my skills and expertise warrant a fair and competitive salary.
I am looking for a compensation package that in...
- Q2. What is your family background?
- Ans.
I come from a diverse family background with a mix of cultures and professions.
My father is a doctor and my mother is a lawyer, so I have been exposed to both the medical and legal fields.
I have two siblings, one of whom is an engineer and the other is an artist, which has given me an appreciation for different perspectives and talents.
My extended family includes teachers, entrepreneurs, and musicians, creating a rich ...
- Q3. Share details of your previous job.
- Ans.
I was previously employed as an Audit Manager at XYZ Company.
Managed a team of auditors and oversaw all audit activities.
Developed and implemented audit plans and strategies.
Conducted risk assessments and identified areas for improvement.
Performed financial analysis and evaluated internal controls.
Prepared audit reports and presented findings to senior management.
Collaborated with other departments to address audit rec...
- Q4. Why should we hire you?
- Ans.
I have extensive experience in audit management and a proven track record of delivering results.
I have successfully managed audit teams and projects in my previous roles.
I have a deep understanding of audit processes and regulations.
I have consistently achieved high-quality audit reports and recommendations.
I am skilled in identifying and mitigating risks.
I have strong leadership and communication skills, which are ess...
- Q5. Why are you looking for a change?
- Ans.
Seeking new challenges and growth opportunities in a dynamic work environment.
Looking for a change to expand my skill set and knowledge.
Seeking a position with more responsibility and leadership opportunities.
Wanting to work in a company that aligns with my values and goals.
Desire to work in a more collaborative and innovative team.
Seeking better work-life balance and flexibility.
- Q6. What are your strengths and weaknesses?
- Ans.
My strengths include strong analytical skills, attention to detail, and excellent communication. My weaknesses include a tendency to be overly critical of my own work and a desire for perfection.
Strength: Strong analytical skills - I am able to analyze complex data and identify patterns and trends.
Strength: Attention to detail - I have a keen eye for detail and ensure accuracy in my work.
Strength: Excellent communicati...
- Q7. Where do you see yourself in 5 years?
- Ans.
In 5 years, I see myself as a highly skilled and experienced Audit Management Manager, leading a team of professionals and driving organizational growth.
Leading a team of audit professionals
Driving organizational growth through effective audit management
Continuously improving audit processes and procedures
Developing and implementing strategic audit plans
Building strong relationships with clients and stakeholders
Staying...
- Q8. Tell me about yourself.
- Ans.
I am an experienced Audit Management Manager with a strong background in financial auditing and risk management.
Over 10 years of experience in leading audit teams and managing the entire audit process.
Expertise in developing and implementing audit plans, ensuring compliance with regulatory requirements.
Proven track record of identifying and mitigating risks, improving internal controls, and enhancing operational effici...
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Interview questions from similar companies
IRAM ISLAM
I applied via Recruitment Consulltant and was interviewed in Oct 2024. There was 1 interview round.
(6 Questions)
- Q1. What do you mean by deferred revenue?
- Ans.
Deferred revenue refers to income received by a company in advance of earning it, resulting in a liability on the balance sheet.
Deferred revenue is also known as unearned revenue.
It is recorded as a liability on the balance sheet until the revenue is recognized.
Common examples include magazine subscriptions, annual maintenance contracts, and advance payments for services.
Once the revenue is earned, it is recognized on ...
- Q2. Hiw would you reconcile bank balances at the end of the period?
- Ans.
Reconciling bank balances involves comparing the bank statement with the company's records to identify and resolve any discrepancies.
Obtain the bank statement and compare it with the company's records of transactions.
Identify any discrepancies such as missing deposits or withdrawals, bank errors, or outstanding checks.
Adjust the company's records to match the bank statement by recording any necessary corrections.
Ensure...
- Q3. What are the three major activities incvolved in cash flow statement? And in which category would you include purchase of fixed assets and repayment of loans?
- Ans.
The three major activities in cash flow statement are operating activities, investing activities, and financing activities. Purchase of fixed assets would fall under investing activities, while repayment of loans would fall under financing activities.
Operating activities involve cash flows from day-to-day business operations, such as sales and expenses.
Investing activities include cash flows related to the purchase and...
- Q4. What are the 5 steps of Revenue recognition?
- Ans.
The 5 steps of Revenue recognition are identification of the contract, identification of performance obligations, determination of transaction price, allocation of transaction price, and recognition of revenue as performance obligations are satisfied.
Identification of the contract: Determine the existence of a contract with a customer.
Identification of performance obligations: Identify the separate performance obligati...
- Q5. Why do you want to join Deloitte?
- Ans.
I want to join Deloitte because of its reputation for providing excellent training and career development opportunities.
Deloitte is known for its high-quality training programs which will help me develop my skills and knowledge in auditing.
I am impressed by Deloitte's commitment to employee growth and advancement, which aligns with my career goals.
I believe that working at Deloitte will provide me with the opportunity ...
- Q6. How would you audit fixed assets?
- Ans.
Fixed assets are audited by verifying physical existence, ownership, valuation, and depreciation methods.
Verify physical existence by conducting physical inventory counts.
Confirm ownership by reviewing title deeds and purchase agreements.
Ensure accurate valuation by comparing book value to market value.
Review depreciation methods and calculations for accuracy.
Check for impairment indicators and assess if any assets nee...
Interview Preparation Tips
- Accounting
- Auditing
I applied via Naukri.com and was interviewed in Oct 2024. There was 1 interview round.
(2 Questions)
- Q1. Golden rule of accounting
- Ans.
The golden rule of accounting states that debit what comes in and credit what goes out.
Debit what comes in and credit what goes out
Helps maintain the balance in accounting records
Used to ensure accuracy in financial transactions
- Q2. Explain requirements of LFAR
- Ans.
LFAR stands for Long Form Audit Report, which is a detailed report prepared by auditors to provide a comprehensive analysis of a company's financial statements and internal controls.
LFAR is a regulatory requirement for banks and financial institutions in India, mandated by the Reserve Bank of India (RBI).
It includes detailed information on the financial position of the company, compliance with regulatory requirements, ...
Selected
I applied via Approached by Company and was interviewed in Jan 2024. There were 4 interview rounds.
(1 Question)
- Q1. Standard discussion to judge skills and communication
(2 Questions)
- Q1. Basics of itgc and BCM
- Q2. Past experience
(1 Question)
- Q1. Detailed Internal audit
(1 Question)
- Q1. Salary discussion
Interview Preparation Tips
- Basics of internal audits
Selected
I applied via Referral and was interviewed in Aug 2023. There were 3 interview rounds.
(3 Questions)
- Q1. What are the processes you had covered in your articleship?
- Q2. What are the key risk areas and give an explain ?
- Ans.
Key risk areas for an internal auditor include fraud, compliance, operational, financial, and cybersecurity risks.
Fraud risk: Misappropriation of assets, financial statement fraud, corruption.
Compliance risk: Failure to comply with laws and regulations, industry standards.
Operational risk: Inefficiencies, errors, lack of internal controls.
Financial risk: Mismanagement of funds, inaccurate financial reporting.
Cybersecur...
- Q3. What are the assertions, explain it
- Ans.
Assertions are the representations by management in financial statements regarding the accuracy and completeness of information.
Assertions include existence, completeness, rights and obligations, valuation or allocation, and presentation and disclosure.
Existence - assets and liabilities exist at a given date
Completeness - all transactions and accounts that should be included are included
Rights and obligations - entity ...
(4 Questions)
- Q1. Which clients you worked on, what was the findings on the assignment?
- Q2. What clients expect from consultancy firms in regards to internal audit prospective?
- Ans.
Clients expect consultancy firms to provide expertise, objectivity, efficiency, and value in internal audit services.
Expertise in industry best practices and regulations
Objectivity in assessing risks and controls
Efficiency in conducting audits and delivering timely reports
Value in providing actionable recommendations for improvement
Examples: detailed audit plans, thorough risk assessments, clear communication of findin
- Q3. What is test of effectiveness and design ?
- Ans.
Test of effectiveness and design is a process used to evaluate the efficiency and adequacy of controls in place.
Test of effectiveness assesses whether controls are operating as intended.
Test of design evaluates the adequacy of controls to address risks.
Examples include testing the effectiveness of access controls by attempting unauthorized access, and testing the design of segregation of duties controls by reviewing jo...
- Q4. What can affect TOD and TOE of controls?
- Ans.
Various factors such as changes in regulations, technology, business processes, and personnel can affect the design and operating effectiveness of controls.
Changes in regulations can impact the design and operating effectiveness of controls by requiring updates to comply with new laws or standards.
Advancements in technology may render existing controls obsolete or ineffective, necessitating enhancements or replacements...
Interview Preparation Tips
- Internal Audit
- SOX Compliance
- assertion
- ifc testing
Badal Johry
Selected
I was interviewed in Mar 2024.
(2 Questions)
- Q1. What do you about compliance
- Ans.
Compliance refers to following laws, regulations, policies, and standards to ensure ethical and legal business practices.
Compliance involves adhering to laws, regulations, and industry standards relevant to the organization's operations.
It includes implementing policies and procedures to prevent violations and ensure ethical conduct.
Regular audits and monitoring are conducted to assess compliance and identify areas for...
- Q2. Types of complaince
- Ans.
Types of compliance refer to different categories of rules and regulations that organizations must adhere to.
Regulatory compliance - following laws and regulations set by government authorities
Industry compliance - adhering to specific standards and guidelines within a particular industry
Internal compliance - following company policies and procedures
Data compliance - ensuring the protection and privacy of data
Financial...
(1 Question)
- Q1. Related to Audit and Banking
Interview Preparation Tips
Selected
I applied via Walk-in and was interviewed before Oct 2022. There were 3 interview rounds.
Lots of aptitude question with 10 difficulty
(2 Questions)
- Q1. What us your expected salary
- Q2. Target after 5 years
- Ans.
To become a certified internal auditor and take on a leadership role within the organization.
Obtain certification as a Certified Internal Auditor (CIA)
Develop strong leadership and communication skills
Take on more challenging audit assignments
Mentor junior auditors
Contribute to the strategic direction of the internal audit function
I applied via Company Website and was interviewed in Oct 2021. There was 1 interview round.
Interview Questionnaire
2 Questions
- Q1. Tell me about yourself
- Ans. Hi sir, I am Bala Gangadhra rao,I am from Perukalapudi,
- Q2. What are your greatest strengths
- Ans. My strengths is good professor in management
Interview Preparation Tips
I applied via Naukri.com and was interviewed in Oct 2020. There were 3 interview rounds.
Interview Questionnaire
1 Question
- Q1. Academic projects
Interview Preparation Tips
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