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Audit steps involve planning, testing, evaluating, and reporting on financial statements and internal controls.
Planning: Determine scope, objectives, and resources for the audit.
Testing: Gather evidence through procedures like inspection, observation, and inquiry.
Evaluating: Analyze findings to assess compliance and identify areas for improvement.
Reporting: Communicate results and recommendations to stakeholders.
Exampl...
Materiality concept in audit refers to the significance of an item or event in relation to financial statements.
Materiality is the threshold at which information becomes important enough to influence the decisions of users of financial statements.
It is based on both quantitative and qualitative factors, such as the size of the item, nature of the item, and potential impact on users.
Auditors use materiality to determine...
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I applied via LinkedIn and was interviewed in Dec 2024. There was 1 interview round.
posted on 13 Nov 2024
DILR questions very easy
Estimate the size of the market by making educated guesses based on available information
Start by identifying the total population or target demographic
Estimate the percentage of the population that would be interested in the product or service
Consider factors such as market trends, competition, and potential growth opportunities
Use industry reports, surveys, and data analysis to support your estimates
Experienced consultant with a background in business strategy and project management.
Over 5 years of experience in consulting roles
Specialize in developing and implementing business strategies
Skilled in project management and client relationship management
Previously worked with Fortune 500 companies on large-scale projects
Case study on market entry
P2P process stands for Procure-to-Pay process, which involves the steps from requisition to payment for goods or services.
P2P process starts with a requisition for goods or services needed by a company.
The next step involves creating a purchase order (PO) to specify the details of the purchase.
Upon receiving the goods or services, the company will match the invoice with the PO and goods receipt.
Finally, the payment is ...
I have diverse experiences in consulting across various industries and have successfully led multiple projects.
Worked with clients in industries such as healthcare, technology, and finance
Led teams to develop and implement strategic plans for clients
Provided recommendations for process improvements and cost savings
Managed stakeholder relationships and communicated project updates effectively
Ind AS 115 is applicable for revenue recognition in financial statements, ensuring compliance with accounting standards.
Ind AS 115 is applicable for all entities that prepare financial statements in accordance with Indian Accounting Standards.
It provides guidance on when and how to recognize revenue from contracts with customers.
Compliance with Ind AS 115 ensures that revenue is recognized in a manner that reflects the...
I am a dedicated and experienced consultant with a strong background in problem-solving and client management.
Over 5 years of experience in consulting roles
Skilled in analyzing data and providing strategic recommendations
Proven track record of successfully managing client relationships
Strong communication and presentation skills
Certified in relevant consulting methodologies
I applied via Recruitment Consulltant and was interviewed in Apr 2024. There were 2 interview rounds.
Provided a AWS case study to complete
I applied via Company Website and was interviewed in May 2024. There was 1 interview round.
BCG Nairobi offers a unique opportunity to work on impactful projects in a dynamic and diverse environment.
Opportunity to work on projects with significant social impact
Dynamic and diverse work environment
Access to a wide network of clients and industries in Nairobi
I successfully led a team through a challenging project deadline.
Assigned clear roles and responsibilities to team members
Set up regular check-ins to monitor progress and address any issues
Motivated team members to stay focused and work efficiently
Celebrated milestones and successes along the way to boost morale
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