Internacia Interview Questions and Answers

Audit of revenue is a crucial task in article-ship.

• During article-ship, I was involved in auditing revenue for various clients.

• I ensured that all revenue transactions were accurately recorded and reported.

• I also checked for any discrepancies or irregularities in revenue reporting.

• I communicated any issues or concerns to the senior management and provided recommendations for improvement.

• I gained valuable experience in revenue auditing and developed strong analytical skills.

CARO 2020 has more stringent reporting requirements than CARO 2016.

• CARO 2020 requires reporting on additional areas such as fraud, internal financial controls, and corporate social responsibility.

• CARO 2020 mandates reporting on loans and advances given to promoters, directors, and related parties.

• CARO 2020 requires disclosure of details of proceedings initiated or pending against the company for holding benami property.

• CARO 2020 has increased the number of reporting requireme...read more

I have completed my article-ship in a reputed CA firm where I gained exposure in various areas of accounting and auditing.

• During my article-ship, I worked on various assignments related to auditing, taxation, and accounting.

• I was involved in the preparation of financial statements, tax returns, and audit reports.

• I also gained experience in using accounting software such as Tally and QuickBooks.

• I learned how to communicate effectively with clients and team members and how to m...read more

OOPs stands for Object-Oriented Programming. It is a programming paradigm based on the concept of objects, which can contain data and code.

• OOPs focuses on creating objects that interact with each other to solve problems

• It involves concepts like classes, objects, inheritance, polymorphism, and encapsulation

• Example: In a banking system, you can have classes like Account, Customer, and Transaction, each with their own properties and methods

Collections are groups of objects or data structures that are stored together.

• Collections can be used to store and manipulate multiple objects or data elements.

• Examples of collections include arrays, lists, sets, and maps.

• Collections provide methods for adding, removing, and accessing elements within the group.