Deloitte Associate Interview Questions, Process, and Tips

Q1. Internal audit of financial clients
Ans. 
Internal audit of financial clients involves reviewing financial records and processes to ensure compliance and identify areas for improvement.
• Review financial statements and transactions for accuracy and completeness

• Assess internal controls and identify potential weaknesses

• Ensure compliance with laws and regulations

• Recommend improvements to financial processes and procedures

• Provide assurance to stakeholders that finan
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Q2. Statutory audit of financial clients
Ans. 
Statutory audit is a legal requirement for financial clients to ensure compliance with regulations and accuracy of financial statements.
• Statutory audit is mandatory for companies that meet certain criteria, such as size or industry.

• The audit is conducted by an independent auditor who examines the financial statements and provides an opinion on their accuracy.

• The auditor also checks for compliance with relevant laws and...read more
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Q1. What is risk asstement
Ans. 
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
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Q2. What is overall materality
Ans. 
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 and ...read more
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Basic aptitude with quantitative questions, English , situational based questions

Q1. Tell me about yourself
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Q2. Technical skills like powerbi
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Very nice and easy process

Q1. Tell about yourself
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Q2. Tell about your projects
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