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I was interviewed before Oct 2021.
Substantive testing involves testing the accuracy and completeness of financial information, while control testing evaluates the effectiveness of internal controls.
Substantive testing is used to gather evidence on the accuracy and completeness of financial information.
Control testing is used to evaluate the effectiveness of internal controls in place to prevent and detect errors or fraud.
Substantive testing includes pr...
Accounts payable and receivable are audited by examining invoices, payments, reconciliations, and internal controls.
Reviewing invoices and matching them to purchase orders and receiving reports
Confirming balances with vendors and customers
Analyzing aging reports to identify overdue payments
Testing internal controls related to authorization, recording, and reconciliation of transactions
Performing cutoff tests to ensure
Materiality is the concept of determining the significance or importance of information in relation to a specific context.
Materiality is a subjective concept that varies depending on the nature of the information and its impact on decision-making.
It involves assessing whether the information, if omitted or misstated, would influence the decisions of users of the financial statements.
Materiality is often considered in t...
I applied via Naukri.com and was interviewed in Apr 2024. There was 1 interview round.
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
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...
posted on 7 Dec 2021
I applied via Referral and was interviewed before Dec 2020. There were 3 interview rounds.
Old CARO and New CARO are two different sets of auditing standards in India.
Old CARO was applicable from 2003 to 2015, while New CARO was introduced in 2016.
New CARO has more stringent reporting requirements, including reporting on internal financial controls.
New CARO also requires auditors to report on frauds committed by the company or its employees.
New CARO has increased the number of reporting requirements from 12 ...
I was interviewed in Aug 2017.
I applied via Approached by Company and was interviewed in Aug 2017. There were 5 interview rounds.
Infrastructure in India is a high growth sector due to increasing urbanization, government initiatives, and foreign investments.
India's urban population is expected to reach 600 million by 2030, leading to a demand for better infrastructure
The government's initiatives like Smart Cities Mission, Bharatmala Project, and Sagarmala Project are driving infrastructure development
Foreign investments in infrastructure projects...
India received $64 billion in FDI in 2020-21, a 10% increase from the previous year.
India is one of the top FDI destinations in the world.
Major sectors attracting FDI include services, computer software and hardware, and telecommunications.
Singapore, Mauritius, and the United States are the top sources of FDI in India.
The Indian government has implemented various policies to attract more FDI, such as liberalizing FDI n
I am a highly motivated and experienced professional with a passion for problem-solving and teamwork.
I have a degree in computer science and have worked in the tech industry for 5 years.
I am skilled in programming languages such as Java, Python, and C++.
I have experience leading teams and collaborating with cross-functional teams.
I am a quick learner and enjoy taking on new challenges.
In my free time, I enjoy hiking an
Finance is a crucial aspect of any business, as it helps in managing and allocating resources effectively.
Finance helps in making informed business decisions
It helps in managing cash flow and allocating resources effectively
Finance plays a key role in determining the financial health of a company
It helps in raising capital for business expansion and growth
Finance also involves risk management and financial planning
Deloitte's reputation for innovation, global reach, and diverse expertise sets it apart from other consulting firms.
Deloitte has a strong focus on innovation and technology, which allows them to provide cutting-edge solutions to clients.
Deloitte has a global network of offices and professionals, which enables them to provide services to clients in various regions and industries.
Deloitte has a diverse range of expertise...
I would not take up a finance job if it does not align with my values and goals.
Passion alone is not enough to sustain a fulfilling career.
I prioritize finding a job that aligns with my values and goals.
If a finance job does not align with my values and goals, it would not be a good fit for me.
For example, if I am passionate about finance but also value work-life balance, I may not take up a high-stress finance job tha...
Determining toll for Jamuna Expressway
Consider the distance of the expressway
Analyze the maintenance cost of the expressway
Take into account the traffic volume and expected revenue
Compare with toll rates of similar expressways
Consider the economic status of the region
Consult with experts and stakeholders
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Deloitte
PwC
Ernst & Young
KPMG India