Business Integrity Services Assistant Manager Interview Questions and Answers

IFRS standards are a set of accounting rules that companies must follow to report financial information accurately.

• IFRS stands for International Financial Reporting Standards

• IFRS is used by companies in over 100 countries

• IFRS provides a common language for financial reporting

• IFRS covers topics such as revenue recognition, leases, and financial instruments

• IFRS is constantly evolving and being updated to reflect changes

Stakeholder management is the ability to identify, analyze, and prioritize stakeholders and their needs to achieve project success.

• Identify all stakeholders and their interests

• Prioritize stakeholders based on their level of influence and impact on the project

• Develop a communication plan to keep stakeholders informed and engaged

• Address stakeholder concerns and conflicts in a timely and effective manner

• Build and maintain...read more

The question covers various accounting standards and audit processes.

• IndAS and AS are two sets of accounting standards used in India.

• IFCR is a global accounting standard for financial instruments.

• IndAS 109 is an accounting standard for financial instruments.

• CARO 2020 and 2016 are two versions of the Companies Auditor's Report Order.

• Revenue audit process is a review of a company's revenue recognition policies and practi