CNK & Associates Interview Questions and Answers

Auditing procurement involves evaluating processes, compliance, and efficiency to ensure effective resource management.

• Review procurement policies and procedures for compliance with regulations.

• Analyze supplier contracts for terms, pricing, and performance metrics.

• Conduct spend analysis to identify cost-saving opportunities.

• Evaluate the effectiveness of supplier selection and evaluation processes.

• Perform risk assessmen...read more

Advance tax is the tax paid in advance on estimated income for the current financial year. TDS is tax deducted at source.

• Advance tax is paid in installments throughout the year.

• It is applicable to individuals, companies, and firms.

• TDS is deducted by the payer at the time of making payment.

• It is applicable to various types of payments such as salary, rent, and professional fees.

• TDS rates vary depending on the nature of ...read more