Grant Thornton Bharat Technology Consultant Interview Questions and Answers

Q1. About your previous work
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Q1. How will you handle situations
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Q2. Risk of material misstatement procedure
Ans. 
Risk of material misstatement procedure is a process to identify and assess the risk of errors or fraud in financial statements.
• The procedure involves understanding the entity and its environment, including internal controls.

• It also includes assessing the risks of material misstatement due to fraud or error.

• The auditor then designs and performs audit procedures to address the identified risks.

• Examples of procedures inc...read more
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Can artifical intelligence replace humans

Q1. Resume based interview
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Q2. What is your job role
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Q3. Hobbies and deep discussion about it
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Q1. Tell me about yourself?
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Q1. Ind AS, Taxation and Audit SA?
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Q1. P2P process and risk at each step.
Ans. 
P2P process involves requisition, approval, purchase order, goods receipt, invoice receipt, and payment.
• Requisition: Request for goods or services

• Approval: Authorization of the requisition by appropriate personnel

• Purchase Order: Formal document to the supplier specifying the details of the purchase

• Goods Receipt: Verification of goods received matching the purchase order

• Invoice Receipt: Receipt of invoice from the suppl
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Q2. Major observations or risk identified in your internal audit experience.
Ans. 
Key risks identified in internal audit experience
• Lack of segregation of duties leading to potential fraud

• Inadequate controls over financial reporting

• Insufficient IT security measures

• Non-compliance with regulations and policies

• Weaknesses in inventory management
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Q3. How to identified ghost employees?
Ans. 
Ghost employees can be identified by cross-referencing payroll records with HR records and conducting regular audits.
• Cross-reference payroll records with HR records to identify discrepancies

• Conduct regular audits of employee information and payroll to detect any anomalies

• Implement strong internal controls and segregation of duties to prevent ghost employees

• Use biometric verification or time-tracking systems to ensure e...read more
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Q4. What procedure can you perform from PO dump?
Ans. 
You can perform procedures such as creating purchase orders, updating purchase orders, cancelling purchase orders, etc. from a PO dump.
• Creating new purchase orders based on the information in the dump

• Updating existing purchase orders with new information

• Cancelling purchase orders that are no longer needed

• Reviewing and analyzing purchase order data for insights
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Q1. Some personal questions.
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Q1. Describe each step of P2P Process with risk at each step.
Ans. 
P2P Process involves requisition, approval, purchase order, goods receipt, invoice verification, and payment.
• Requisition: Risk of incorrect or unauthorized requests leading to unnecessary purchases.

• Approval: Risk of delays or errors in approval process causing delays in procurement.

• Purchase Order: Risk of incorrect details or unauthorized purchases being made.

• Goods Receipt: Risk of receiving damaged or incorrect goods,...read more
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Q2. What is ghost employee and how can we identify ghost employee?
Ans. 
A ghost employee is a fictitious employee created by someone to embezzle funds from a company.
• Ghost employees may have fake identities and bank accounts.

• They may receive paychecks without actually working for the company.

• To identify ghost employees, cross-check employee records with HR and payroll data.

• Look for discrepancies in employee attendance, performance, and salary payments.

• Conduct regular audits and reviews of
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Q3. What checks can you perform from PO dump?
Ans. 
Perform various checks on purchase order data dump
• Verify accuracy of vendor information

• Check for duplicate PO numbers

• Ensure correct pricing and quantities

• Validate delivery dates

• Confirm approval signatures
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Q1. Are you ok with travelling and late sitting?
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Q2. We need you to join from next Monday.
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Q1. About join as (questions based on joins)
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Q2. About index how to use
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Q3. How to do optimisation
Ans. 
Optimisation involves finding the best solution to a problem by maximizing or minimizing a certain objective function.
• Identify the objective function to be optimized

• Define constraints that need to be satisfied

• Choose an optimization algorithm such as gradient descent or genetic algorithms

• Iteratively improve the solution until the optimal solution is found
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Easy aptitude test, it would not take much time if your base is strong in power bi and SQL.

Q1. Power bi technical questions and then SQL technical questions. Data engineering questions was also there.
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Q1. Normal hr round for final discussion.
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