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I applied via Approached by Company and was interviewed in Aug 2022. There were 2 interview rounds.
Audit risk is the risk that the financial statements are materially misstated.
Audit risk consists of inherent risk, control risk, and detection risk.
Inherent risk is the risk of material misstatement before considering internal controls.
Control risk is the risk that a material misstatement could occur and not be prevented or detected on a timely basis by internal controls.
Detection risk is the risk that the auditor's p...
Assertions for trade receivables include existence, completeness, valuation, rights and obligations, and presentation and disclosure.
Existence - Ensure that the trade receivables actually exist and are not fictitious.
Completeness - Confirm that all trade receivables are included and nothing is omitted.
Valuation - Verify that trade receivables are recorded at their correct value.
Rights and obligations - Ensure that the ...
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Senior Associate
1.3k
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| ₹5 L/yr - ₹20 L/yr |
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