Grant Thornton Associate Interview Questions, Process, and Tips

Q1. Explain risk assessment process
Ans. 
Risk assessment process involves identifying, analyzing, and evaluating potential risks to determine their impact and likelihood.
• Identify potential risks by examining internal and external factors

• Analyze the identified risks to understand their causes and potential consequences

• Evaluate the risks based on their impact and likelihood to prioritize them for mitigation

• Develop risk mitigation strategies to address the ident...read more
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Q2. Explain ISO 27001 audit process
Ans. 
ISO 27001 audit process involves assessing an organization's information security management system.
• The audit process begins with planning and scoping, where the scope of the audit is defined.

• Next, the audit team conducts on-site visits to gather evidence and assess the organization's compliance with ISO 27001 standards.

• The audit team then reviews the evidence collected and prepares a report detailing any non-conformit...read more
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Q3. Difference between soc 1 and soc 2
Ans. 
SOC 1 focuses on controls relevant to financial reporting, while SOC 2 focuses on controls relevant to security, availability, processing integrity, confidentiality, and privacy.
• SOC 1 is specifically for service organizations that impact their clients' financial reporting, while SOC 2 is for service organizations that store customer data.

• SOC 1 reports are focused on controls relevant to financial reporting, while SOC 2...read more
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Q1. Explain RFP process
Ans. 
RFP process involves issuing a request for proposals to potential vendors, evaluating their responses, and selecting the best proposal.
• Identify project requirements and create a detailed RFP document

• Distribute the RFP to potential vendors

• Receive and review proposals from vendors

• Evaluate proposals based on criteria such as cost, quality, and timeline

• Select the best proposal and negotiate terms with the vendor
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Q2. How well do you know excel
Ans. 
I am proficient in Excel and have experience using various functions and formulas.
• Proficient in creating and formatting spreadsheets

• Experience with functions such as VLOOKUP, SUMIF, and IFERROR

• Skilled in data analysis and creating charts and graphs

• Familiar with pivot tables and macros

• Have used Excel for financial modeling and forecasting
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A few docs and questions were shared

Q1. General questions
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Q1. Questions related tou field
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Detailed case study

Q1. Partner round - questions were general.. mostly related to CV
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Q1. CV based question & Technical round question regarding field work (Mainly focused on assertion)
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