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Fundamentals of audit involve examining financial records, internal controls, and compliance with laws and regulations.
Audit is a systematic examination of financial records, internal controls, and compliance with laws and regulations.
Auditors gather evidence to support their findings and opinions.
Audits can be external (performed by independent auditors) or internal (performed by employees within the organization).
The...
I applied via campus placement at Institute of Management Nirma University, Ahmedabad and was interviewed in May 2024. There was 1 interview round.
I applied via campus placement at Graphic Era University, Dehradun and was interviewed in Nov 2023. There were 3 interview rounds.
Mid level difficulty
It was more like a debate, One team has to put their points in favor and one team has to put their points in against the topic.
I was interviewed in Aug 2023.
Grant Thornton Bharat interview questions for designations
I applied via Campus Placement and was interviewed in Jan 2024. There were 3 interview rounds.
India as a cash economy
Accounts questions were asked
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 strategic initiatives
Get interview-ready with Top Grant Thornton Bharat Interview Questions
I applied via Company Website and was interviewed in Oct 2023. There was 1 interview round.
Stretched payables should be included in net debt analysis as they represent a liability that impacts the company's financial health.
Stretched payables are essentially trade payables that have been extended beyond the usual payment terms agreed upon with suppliers.
Including stretched payables in net debt analysis provides a more accurate picture of the company's financial obligations.
Failure to account for stretched pa...
I applied via Approached by Company and was interviewed before Feb 2023. There were 2 interview rounds.
Lean Six Sigma case study
I applied via Referral and was interviewed in Dec 2022. There were 2 interview rounds.
Financial statements are reports that show the financial performance and position of a company.
Financial statements include the balance sheet, income statement, and cash flow statement.
They provide information on a company's revenue, expenses, assets, liabilities, and equity.
Investors and creditors use financial statements to evaluate a company's financial health and make decisions.
Examples of financial statements incl...
Schedule 3 of Companies Act is a list of disclosures that companies must make in their financial statements.
Schedule 3 outlines the minimum disclosures required for companies to comply with the Companies Act.
It includes information on fixed assets, investments, inventory, debtors, creditors, and more.
Companies must ensure that their financial statements include all the necessary disclosures as per Schedule 3.
Failure to...
The golden rule of accounting is to maintain a balance between assets, liabilities, and equity.
Assets = Liabilities + Equity
This equation must always be balanced in order to ensure accurate financial statements
Any changes to one side of the equation must be reflected on the other side
For example, if a company takes out a loan (liability), their assets will increase by the amount of the loan, but their equity will decre
GST journal entry for credit purchase
Debit the purchase account
Credit the GST input account
Credit the supplier account
Internal audit is an independent, objective assurance and consulting activity designed to add value and improve an organization's operations.
Internal audit evaluates the effectiveness of an organization's risk management, control, and governance processes
It provides recommendations for improvement and helps the organization achieve its objectives
Examples of internal audit activities include financial audits, operationa
Internal audit can be done by individuals who possess relevant skills and knowledge.
Individuals with accounting or finance background
Certified Internal Auditors (CIAs)
Individuals with experience in risk management and compliance
Professionals with knowledge of industry-specific regulations and standards
Individuals with strong analytical and communication skills
Examples: Accountants, Auditors, Risk Managers, Compliance O
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The duration of Grant Thornton Bharat Consultant interview process can vary, but typically it takes about less than 2 weeks to complete.
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3 Interview rounds
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