Deloitte Manager Interview Questions and Answers

One recent instance of accounting in the news was the scandal involving the collapse of Wirecard AG.

• Wirecard AG, a German fintech company, filed for insolvency after admitting to a $2.1 billion accounting scandal.

• The scandal involved fraudulent accounting practices, including inflating revenue and falsifying financial statements.

• The incident raised questions about the effectiveness of regulatory oversight and auditing practices in the financial industry.

Managing stakeholders during a project delay due to unforeseen circumstances

• Communication breakdown between project team and stakeholders

• Conflicting priorities and interests among stakeholders

• Difficulty in managing expectations and demands of various stakeholders

• Negotiating new timelines and deliverables with stakeholders

• Handling dissatisfaction and complaints from stakeholders

Automated control is fully controlled by machines, while semi-automated control involves some human intervention.

• Automated control is fully operated by machines without human intervention

• Semi-automated control involves some level of human intervention alongside machine operation

• Automated control systems are typically more efficient and accurate

• Examples of automated control include fully automated assembly lines

• Examples of semi-automated control include semi-automated packagin...read more

Audit in a public company is a process of examining and verifying financial records to ensure accuracy and compliance with regulations.

• Audit is conducted by an independent auditor who reviews financial statements, internal controls, and accounting practices.

• The purpose of audit is to provide assurance to stakeholders that the financial information presented is reliable and accurate.

• Auditors may also identify areas for improvement in the company's financial reporting and inter...read more

I have worked on various technologies including Java, Python, SQL, and AWS.

• Java

• Python

• SQL

• AWS

Automated controls can be found by reviewing system documentation, conducting interviews with IT personnel, and performing system testing.

• Review system documentation to identify any automated controls in place

• Conduct interviews with IT personnel to understand the processes and controls implemented

• Perform system testing to validate the effectiveness of automated controls

• Examples: reviewing access control lists, examining audit logs, testing password complexity requirements

System design on a cloud platform involves designing scalable, reliable, and cost-effective solutions using cloud services.

• Consider the scalability requirements of the system

• Choose appropriate cloud services based on the workload and budget

• Design for high availability and fault tolerance

• Implement security measures to protect data and resources

• Optimize performance by leveraging cloud-native features

• Use monitoring and logging tools to track system health and performance

GRC PC stands for Governance, Risk, and Compliance Policy and refers to a framework for managing an organization's overall governance, risk management, and compliance with regulations.

• GRC PC helps organizations align their operations with legal and regulatory requirements

• It involves implementing policies, procedures, and controls to ensure compliance

• GRC PC also helps in identifying and managing risks that could impact the organization's objectives

• Examples of GRC PC tools incl...read more