Crowe Horwath Audit Assistant Interview Questions and Answers

Verbal Reasoning, numerical Reasoning, logical reasoning.

Q1. About the role ,company
Add your answer

Q1. WHAT ALL ARE THE CONTROLS IN ITGC AUDIT
Ans. 
ITGC controls are essential for ensuring the integrity of financial information and safeguarding assets.
• Access controls to restrict unauthorized access to systems and data

• Change management controls to ensure proper authorization and documentation of changes

• Backup and recovery controls to protect data from loss or corruption

• Segregation of duties controls to prevent fraud and errors

• Physical security controls to protect I
Answered by AI
Add your answer

Q1. AS and Audit related questions
Add your answer

English, maths, logical reasoning, dara interpretation

Pros and cons of internet

Q1. Introduce yourself
Add your answer
Q2. Willing to travel
Ans. 
Yes, I am willing to travel for the role of Audit Assistant.
• I am open to traveling to different client locations for audits.

• I understand that travel may be required to perform the job effectively.

• I am flexible and adaptable to different travel schedules and locations.

• I have previous experience traveling for work purposes.

• I am willing to make necessary arrangements and accommodations for travel.
Answered by AI
Add your answer

Q1. Difference between ammortization and depreciation
Ans. 
Amortization is the gradual reduction of an intangible asset's value, while depreciation is the gradual reduction of a tangible asset's value.
• Amortization applies to intangible assets like patents, copyrights, and trademarks.

• Depreciation applies to tangible assets like buildings, vehicles, and machinery.

• Amortization is typically calculated using the straight-line method.

• Depreciation can be calculated using various meth...read more
Answered by AI
Add your answer
Q2. What is Bank reconciliation
Ans. 
Bank reconciliation is the process of comparing and matching the balances in a company's accounting records with the balances shown on the bank statement.
• Bank reconciliation ensures that the company's records accurately reflect the transactions and balances in its bank accounts.

• It involves comparing the company's cash account balance, including deposits and withdrawals, with the bank statement.

• Any discrepancies between...read more
Answered by AI
Add your answer
Q3. Accounting principles
Add your answer

Q1. About self information
Add your answer
Q2. They are not asking anything they just want working people like labour in minimum payout if anybody got another opportunity they refused for releaving letter
Add your answer
Q3. Just do go for it
Add your answer

Questions on regulatory areas of audits in financial sector

Q1. General background questions.
Add your answer
Q2. Capabilities and case study.
Add your answer

Q1. Handling tough situations and overcome the task
Add your answer

Q1. What is section 194J
Ans. 
Section 194J of the Income Tax Act deals with TDS on professional or technical services.
• Section 194J requires deduction of TDS at the rate of 10% on payments made for professional or technical services.

• It applies to payments made to a resident individual, a Hindu Undivided Family (HUF), a partnership firm, or a company.

• The threshold limit for applicability of TDS under section 194J is Rs. 30,000 in a financial year.

• Exa...read more
Answered by AI
Add your answer