Deloitte Assistant Manager - Audit Interview Questions and Answers

Audit and financial status refer to the examination and evaluation of a company's financial records and overall financial health.

• Audit involves reviewing financial statements, transactions, and internal controls to ensure accuracy and compliance with regulations.

• Financial status refers to a company's overall financial health, including its profitability, liquidity, and solvency.

• Both audit and financial status are impor...read more

Statutory audit is mandatory by law while internal audit is voluntary and conducted by the company itself.

• Statutory audit is conducted to ensure compliance with legal requirements and financial reporting standards.

• Internal audit is conducted to evaluate the effectiveness of internal controls and identify areas for improvement.

• Statutory audit is conducted by an external auditor while internal audit is conducted by the c...read more