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Grant Thornton Bharat Statutory Audit Manager Interview Questions and Answers
Grant Thornton Bharat Statutory Audit Manager Interview Experiences
1 interview found
Anonymous
I applied via Referral and was interviewed in Dec 2024. There was 1 interview round.
(3 Questions)
- Q1. What is the difference between Internal Financial Control (IFC) and general internal control?
- Ans.
IFC focuses on financial reporting reliability, while general internal control covers overall operations and compliance.
IFC specifically targets financial reporting processes and controls
General internal control encompasses all aspects of operations and compliance
IFC ensures accuracy and reliability of financial statements
General internal control aims to safeguard assets and ensure compliance with laws and regulations
E...
- Q2. What is Ind AS 115 and what are its key provisions?
- Ans.
Ind AS 115 is a new revenue recognition standard that replaces existing revenue recognition standards.
Ind AS 115 is based on the principle that revenue should be recognized when goods or services are transferred to customers at the amount the entity expects to be entitled to.
It introduces a five-step model for revenue recognition: identify the contract, identify the performance obligations, determine the transaction pr...
- Q3. Do you include the client in the loop during the external confirmation process?
- Ans.
Yes, it is important to include the client in the external confirmation process for transparency and accuracy.
Client involvement ensures transparency in the audit process
Clients can provide additional context or explanations for discrepancies
Client confirmation adds credibility to the audit findings
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I applied via Company Website and was interviewed in Dec 2020. There were 4 interview rounds.
Interview Questionnaire
1 Question
- Q1. Mixed questions related to academic field, general questions related to situation based but not hard, IND AS, some questions regarding past jobs and what all was the experience there. Not discussing about ...
I applied via LinkedIn and was interviewed before May 2021. There were 3 interview rounds.
(2 Questions)
- Q1. Mainly related to previous complex situations
- Q2. Behaviour towards critical problem thinking
- Ans.
I approach critical problems with a calm and analytical mindset, breaking down the issue into smaller parts to find a solution.
I take time to fully understand the problem before jumping to conclusions
I break down the problem into smaller parts to identify the root cause
I consider multiple solutions and weigh the pros and cons before making a decision
I remain calm and focused under pressure to find a solution
Example: In...
(1 Question)
- Q1. Salary expectation and role requirements
Interview Preparation Tips
somnath karmakar
I applied via Referral and was interviewed before Oct 2019. There were 4 interview rounds.
Interview Questionnaire
1 Question
- Q1. About past experience.
Interview Preparation Tips
Sumit Kumar
I applied via Walk-in
Interview Questionnaire
1 Question
- Q1. What do you think is supply chain consulting all about? Should HUL enter the Rural Markets? Do these rural consumers have even the purchasing power? What format HUL should adopt Different Trac...
- Ans.
Supply chain consulting involves optimizing and improving the flow of goods and services from suppliers to customers.
Supply chain consulting focuses on analyzing and improving the efficiency of the supply chain process.
It involves identifying bottlenecks, reducing costs, and enhancing customer satisfaction.
Consultants may suggest strategies for inventory management, transportation, and distribution.
They may also recomm...
Interview Preparation Tips
Experience: This was an unstructured multiple case/scenario based interview and needed on spot thinking and some knowledge about the retail scenario in Indian Urban/Rural spaces. Interviewer was looking always doubtful about my ideas and was challenging the thoughts in between with some facts from his experience. What helped that I maintained my calm and followed a firm and informed stand on issues and gave relevant examples (like HUL’s Re 1 Shampoo sachet success in low income group people).
I presented my thoughts clearly and convincingly with examples of rural people buying luxury items as well and gave a few statistics about the size of urban vs rural markets in India. I further went on with examples of ITC retail, which was going successfully in integrating its rural retail business with agri-procurement channel (e-chaupal). Gave a few creative ideas about 2-3 possible new formats.
Skills: Case Solving Ability, Case Analysis
College Name: Indian School Of Business (ISB)
I was interviewed before Jun 2016.
Interview Questionnaire
6 Questions
- Q1. Tell me something about yourself.
- Ans.
I am a dedicated and experienced professional with a strong background in leadership and team management.
Over 5 years of experience in retail management
Proven track record of increasing sales and improving customer satisfaction
Strong communication and problem-solving skills
Bachelor's degree in Business Administration from XYZ University
- Q2. Are flexible with relocation
- Ans.
Yes, I am flexible with relocation.
I am open to exploring new opportunities in different locations.
I understand that relocation may be necessary for career growth.
I am willing to consider all options and make a decision based on what is best for the company and my career.
I have relocated in the past for work and am familiar with the process.
I am excited about the possibility of experiencing new places and cultures.
- Q3. Are to ok with streching work hours
- Ans.
Yes
Yes, I am okay with stretching work hours when necessary.
I understand that as an Assistant Manager, there may be times when extra hours are required to meet deadlines or handle unexpected situations.
I am flexible and willing to adjust my schedule to ensure the smooth operation of the team or department.
I have previous experience working late or on weekends during busy periods.
I believe in leading by example and bein
- Q4. Questions related to previous experience in internship
- Q5. Technical questions on auditing
- Q6. Technical questions on accounting standards and their practical application previously in internship
Interview Preparation Tips
Experience: It was a campus interview where deloitte was also hiring freshers for Statutory audit dept. The company was accepting CVs for walkin. Since i was carrying extra CV and submitted my candidature.
Since i had described my internship experience well, my resume was shortlisted in few hours and got a call for further rounds of interview.
Tips: Well described resume increases the chances of getting shortlisted. Highlight the relevant experience properly.
Round: HR Interview
Experience: The HR round was easy for me. The main focus of the interviewer was to access my intention to learn and dedication. Also he accessed if i was ready for travelling as it is a part of job
Tips: If you show your correct intent to learn and grow along the organisation, you'll succeed at HR interviews
Round: Technical Interview
Experience: The technical interview went for around an hour or so. The interviewer was testing me on various concepts of accounting as well as auditing. I was able to answer 60-70% of answers correctly with confidence. And was reasonably confident to clear
Tips: Keeps your technicals very strong and don't try to bush around if you don't know the answer.
Skills: Confidence Levels Of Students, Technical Skill And Speaking Skill, Presentation Of Facts In Resume
College Name: Institute Of Chartered Accountants Of India
Interview Questionnaire
2 Questions
- Q1. Here the interviewer wants to know your technical knowledge with respect to AS, Law, DT, IDT. Apart from this they check your articleship experience and whether you had actually done your articleship or no...
- Q2. Valuation of inventory, TDS rates and payments date and returns filing date, Other AS related quesyion.
Interview Preparation Tips
Experience: Here they wants to kniw that you have capability to face a practical situation and how will you apply standards on auditing in that situation.
I applied via Company Website and was interviewed before May 2020. There were 3 interview rounds.
Interview Questionnaire
1 Question
- Q1. Questions were there just generally belongs to your Audit related knowledge , practical working related.
Interview Preparation Tips
I applied via Campus Placement and was interviewed before Sep 2021. There were 2 interview rounds.
(1 Question)
- Q1. Related to sql joins and queries
Case study was there and then questions related to sql were asked
Interview Preparation Tips
I applied via Walk-in and was interviewed before Oct 2020. There were 6 interview rounds.
Interview Questionnaire
2 Questions
- Q1. Basic Aptitude
- Q2. Reasoning Questions
Interview Preparation Tips
Grant Thornton Bharat Interview FAQs
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