Deloitte Data Science Consultant Interview Questions, Process, and Tips

Articleship experience is essential for gaining practical knowledge and skills in the field of consulting.

• Articleship provides hands-on experience in real-world scenarios.

• It helps in understanding the practical application of theoretical knowledge.

• Working under experienced professionals enhances skills and knowledge.

• Articleship is a crucial step towards becoming a successful consultant.

Ind AS's are Indian Accounting Standards converged with IFRS.

• Ind AS's are applicable to certain classes of companies in India.

• They aim to bring transparency and comparability in financial reporting.

• Ind AS's have been adapted from IFRS with certain modifications.

• They cover various aspects of accounting such as revenue recognition, leases, financial instruments, etc.

To check if each FA is located severely, follow the FAR procedures.

• Refer to FAR Part 45 for definitions and identification of FAs

• Check the records of each FA to determine its location

• Ensure that the location of each FA is compliant with applicable regulations

• If any FA is found to be located severely, take appropriate corrective action

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

I have exposure to data science through my academic background and previous work experience.

• Studied data analysis and statistics in college

• Worked as a data analyst for a marketing firm

• Completed online courses in machine learning and data visualization

• Participated in data-driven projects during internships