Deloitte Associate Interview Questions and Answers

Risk assessment is the process of identifying, analyzing, and evaluating potential risks to an organization or project.

• Identifying potential risks that could impact the organization or project

• Analyzing the likelihood and impact of each risk

• Evaluating the level of risk and determining appropriate mitigation strategies

• Examples: conducting a SWOT analysis, using risk matrices, performing scenario analysis

Test plan is a document outlining the scope, approach, resources, and schedule of testing activities.

• Test plan defines the objectives, scope, and approach of testing.

• It includes details on resources, schedule, and risks involved in testing.

• Test plan outlines the test environment, test deliverables, and exit criteria.

• It serves as a guide for the testing team to execute testing activities effectively.

• Example: A test...read more

SDLC (Software Development Life Cycle) is a process used by software development teams to design, develop, test, and deploy software.

• SDLC is a framework that defines tasks performed at each step of the software development process.

• STLC (Software Testing Life Cycle) is a subset of SDLC focused on testing activities.

• SDLC stages include planning, analysis, design, implementation, testing, deployment, and maintenance.

• ...read more

SOC refers to Security Operations Center, while SOX refers to Sarbanes-Oxley Act. SOC is a team responsible for monitoring and responding to security incidents, while SOX is a law that sets standards for financial reporting.

• SOC stands for Security Operations Center, which is a team responsible for monitoring and responding to security incidents.

• SOX refers to Sarbanes-Oxley Act, a law that sets standards for financ...read more

Overall materiality is the threshold at which misstatements in the financial statements could influence the decisions of users.

• Overall materiality is determined by considering the size and nature of the financial statements as a whole.

• It helps auditors in determining the extent of their audit procedures and the level of detail to be examined.

• If misstatements exceed overall materiality, they are considered material...read more