Crowe Horwath Auditor Interview Questions and Answers

Q1. Basic HR questions about CV
Add your answer

Q1. Questions about Private Equity
Add your answer

Q1. Basic audit related questions
Add your answer

Q1. A normal chit chat with the Royal highness Mr. G.B
Add your answer

Q1. What is internal audit
Ans. 
Internal audit is an independent, objective assurance and consulting activity designed to add value and improve an organization's operations.
• Internal audit evaluates the effectiveness of an organization's risk management, control, and governance processes.

• It provides recommendations for improvement and helps the organization achieve its objectives.

• Internal audit can cover a wide range of areas, such as financial, opera...read more
Answered by AI
Add your answer

Q1. What is assertion
Ans. 
Assertion is a claim or statement made by management regarding the financial statements.
• Assertions are made by management to ensure the accuracy and completeness of financial statements.

• There are different types of assertions such as existence, completeness, valuation, rights and obligations, etc.

• For example, the assertion of existence would state that all reported assets and liabilities actually exist.

• Auditors test th...read more
Answered by AI
Add your answer
Q2. What is materiality
Ans. 
Materiality is the concept of determining the significance or importance of an item or event in relation to financial statements.
• Materiality helps auditors decide what information to focus on during an audit

• It is based on the size, nature, and circumstances of an item or event

• Materiality is subjective and can vary depending on the context

• For example, a small error in a company's financial statements may not be consider...read more
Answered by AI
Add your answer
Q3. Different types of audit opinion
Ans. 
Different types of audit opinions include unqualified, qualified, adverse, and disclaimer.
• Unqualified opinion: clean opinion, no material misstatements found

• Qualified opinion: some limitations or scope restrictions, but overall financial statements are fairly presented

• Adverse opinion: significant material misstatements found, financial statements are not fairly presented

• Disclaimer opinion: auditor unable to form an opi...read more
Answered by AI
Add your answer

Q1. Difference in Forensic audit and Other audits?
Ans. 
Forensic audit focuses on investigating fraud and misconduct, while other audits focus on financial statements and compliance.
• Forensic audit involves investigating fraud, embezzlement, and misconduct within an organization.

• Other audits, such as financial statement audits and compliance audits, focus on verifying the accuracy of financial records and ensuring compliance with laws and regulations.

• Forensic auditors often ...read more
Answered by AI
Add your answer

Q1. What are recent financial scandals cases and how would you have investigated them
Ans. 
Recent financial scandals include Wirecard, Luckin Coffee, and Toshiba. Investigation would involve reviewing financial statements, conducting interviews, and analyzing internal controls.
• Reviewing financial statements for inconsistencies and irregularities

• Conducting interviews with key personnel and stakeholders

• Analyzing internal controls and governance structures

• Examining audit trails and transaction records

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

Q1. Past experience details
Add your answer

Verbal Reasoning, numerical Reasoning, logical reasoning.

Q1. About the role ,company
Add your answer

Good and depth of technical like they asked me about general knowledge and logical reasoning, communication , paragraph related questions

Q1. Pre receive incomes, impact of purchase of manchinery in balance sheet and statement of pand l , journal entry on tds , gst, prepaid outstanding and will government get benefit by tds
Add your answer
Q2. Is pre receive liability or asset
Ans. 
Pre-receive liability is a financial obligation that arises before the receipt of goods or services.
• Pre-receive liability refers to a liability that is incurred before the actual receipt of goods or services.

• It is a financial obligation that a company owes to its suppliers or vendors for goods or services that have not yet been received.

• Examples of pre-receive liabilities include advance payments made for future purcha...read more
Answered by AI
Add your answer

Q1. Just basic questions based on your resume
Add your answer

Q1. They'll just ask few basic questions about subjects.
Add your answer