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Grant Thornton Audit Consultant Interview Questions and Answers

Updated 10 May 2024

Grant Thornton Audit Consultant Interview Experiences

2 interviews found

Interview experience
4
Good
Difficulty level
-
Process Duration
Less than 2 weeks
Result
-

I applied via Approached by Company

Round 1 - Technical 

(1 Question)

  • Q1. Assertion wise audit details ( Creditor, Revenue) Audit of provision
Round 2 - Technical 

(1 Question)

  • Q1. IFRS open book test
Round 3 - Behavioral 

(1 Question)

  • Q1. No technical questions only just about yourself
Interview experience
5
Excellent
Difficulty level
Hard
Process Duration
2-4 weeks
Result
No response

I applied via Company Website and was interviewed in Apr 2024. There were 2 interview rounds.

Round 1 - HR 

(1 Question)

  • Q1. Tell me about yourself
Round 2 - One-on-one 

(1 Question)

  • Q1. What you can offer to the company

Audit Consultant Interview Questions Asked at Other Companies

asked in Deloitte
Q1. How would you start an audit of an existing client?
asked in Deloitte
Q2. How would you start an audit of a new client?
Q3. What are IFRS standards you're familiar with?

Interview questions from similar companies

I was interviewed in Mar 2022.

Round 1 - Technical 

(3 Questions)

  • Q1. Various types of valuations
  • Ans. 

    Valuations can be of various types depending on the purpose and method used.

    • Asset-based valuation

    • Market-based valuation

    • Income-based valuation

    • Liquidation valuation

    • Replacement cost valuation

  • Answered by AI
  • Q2. Equity vs enterprise value
  • Ans. 

    Equity represents ownership in a company, while enterprise value represents the total value of a company.

    • Equity is the residual interest in the assets of a company after liabilities are paid off

    • Enterprise value is the sum of equity, debt, minority interest, and preferred stock minus cash and cash equivalents

    • Equity is used to calculate metrics such as return on equity and price-to-book ratio

    • Enterprise value is used to c...

  • Answered by AI
  • Q3. Comparable company analysis vs comparable transaction analysis
  • Ans. 

    Comparable company analysis compares multiples of similar public companies while comparable transaction analysis compares multiples of similar M&A deals.

    • Comparable company analysis is based on multiples of similar public companies

    • Comparable transaction analysis is based on multiples of similar M&A deals

    • Comparable company analysis is more commonly used

    • Comparable transaction analysis is more accurate but harder to find d...

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Study the basics and have good knowledge about valuation and it will be fine for you
Interview experience
4
Good
Difficulty level
-
Process Duration
-
Result
-
Round 1 - One-on-one 

(4 Questions)

  • 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

  • Answered by AI
  • 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

  • Answered by AI
  • 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...

  • Answered by AI
  • 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

  • Answered by AI
Round 2 - One-on-one 

(1 Question)

  • Q1. Some personal questions.

Interview Preparation Tips

Interview preparation tips for other job seekers - Goodluck
Interview experience
4
Good
Difficulty level
-
Process Duration
-
Result
-
Round 1 - One-on-one 

(3 Questions)

  • 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,...

  • Answered by AI
  • 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

  • Answered by AI
  • 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

  • Answered by AI
Round 2 - One-on-one 

(2 Questions)

  • Q1. Are you ok with travelling and late sitting?
  • Q2. We need you to join from next Monday.

Interview Preparation Tips

Interview preparation tips for other job seekers - Mazars is not that good to work in GRC department and i do not like politics of this company because it is very toxic.

I applied via Naukri.com and was interviewed before Dec 2019. There was 1 interview round.

Interview Questionnaire 

2 Questions

  • Q1. Oracle Apps Technical - PlSQL concepts
  • Q2. Basic questions like logic to find even number, swap number ,etc.

Interview Preparation Tips

Interview preparation tips for other job seekers - Try to see all the Technology related questions in Google before going for interview.

I applied via Referral and was interviewed before May 2020. There were 4 interview rounds.

Interview Questionnaire 

1 Question

  • Q1. Give an example of money laundering
  • Ans. 

    Money laundering is the process of making illegally obtained money appear legal.

    • Money is moved through a series of transactions to conceal its origin

    • The money is often invested in legitimate businesses or assets

    • The launderer may use shell companies or offshore accounts to hide the money

    • Examples include drug trafficking, embezzlement, and tax evasion

    • Money laundering is a serious crime with severe penalties

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - be thorough with concepts

I was interviewed in Aug 2020.

Interview Questionnaire 

1 Question

  • Q1. Core Java, selenium, appium and rest assured

Interview Preparation Tips

Interview preparation tips for other job seekers - Be confident. Know what you answering

I applied via Referral and was interviewed before Oct 2019. There were 3 interview rounds.

Interview Questionnaire 

3 Questions

  • Q1. Tell me about your articleship exposure?
  • Ans. 

    I completed my articleship in a reputed CA firm where I gained exposure to various aspects of accounting and auditing.

    • Worked on audit assignments for clients in different industries

    • Prepared financial statements and tax returns

    • Assisted in statutory audits and tax audits

    • Learned about internal controls and risk management

    • Attended client meetings and interacted with clients

    • Developed skills in using accounting software and

  • Answered by AI
  • Q2. What are key controls in Procurement to payment process?
  • Ans. 

    Key controls in Procurement to payment process include segregation of duties, approval hierarchy, and invoice matching.

    • Segregation of duties to prevent fraud and errors

    • Approval hierarchy to ensure proper authorization

    • Invoice matching to verify accuracy of invoices

    • Vendor master data management to prevent duplicate or fraudulent vendors

    • Purchase order management to ensure goods/services are received as ordered

    • Contract man...

  • Answered by AI
  • Q3. What are few critical observations you find during the articleship?
  • Ans. 

    Observations during articleship

    • Lack of proper guidance from seniors

    • Long working hours and high workload

    • Limited exposure to different areas of work

    • Inadequate training on soft skills and communication

    • Inconsistent quality of work assigned

    • Opportunities to learn from mistakes and take ownership of work

    • Importance of time management and prioritization

    • Significance of building professional relationships

    • Understanding the importa

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Focus more on the audits performed during the articleship.

I applied via Campus Placement and was interviewed before Feb 2021. There were 4 interview rounds.

Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Properly align and format text in your resume. A recruiter will have to spend more time reading poorly aligned text, leading to high chances of rejection.
View all tips
Round 2 - One-on-one 

(3 Questions)

  • Q1. Why do you want to join Deloitte?
  • Q2. Do you understand that there will be a lot of traveling and poor work life balance?
  • Q3. Why did you study Finance and Marketing?
Round 3 - Case Study 

How would you evaluate the financial cost of pollution in Delhi?

Round 4 - Case Study 

I am someone who wants to invest in Mutual Fund. Help me invest.

Interview Preparation Tips

Interview preparation tips for other job seekers - 1. Know your CV well.
2. Practice case questions
3. Practice questions around your CV

Grant Thornton Interview FAQs

How many rounds are there in Grant Thornton Audit Consultant interview?
Grant Thornton interview process usually has 2-3 rounds. The most common rounds in the Grant Thornton interview process are Technical, Behavioral and HR.
How to prepare for Grant Thornton Audit Consultant interview?
Go through your CV in detail and study all the technologies mentioned in your CV. Prepare at least two technologies or languages in depth if you are appearing for a technical interview at Grant Thornton. The most common topics and skills that interviewers at Grant Thornton expect are Accounting, Auditing, Communication Skills, Excel and Interpersonal Skills.
What are the top questions asked in Grant Thornton Audit Consultant interview?

Some of the top questions asked at the Grant Thornton Audit Consultant interview -

  1. Assertion wise audit details ( Creditor, Revenue) Audit of provis...read more
  2. IFRS open book t...read more

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Grant Thornton Audit Consultant Interview Process

based on 2 interviews

Interview experience

4.5
  
Good
View more

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Grant Thornton Audit Consultant Salary
based on 70 salaries
₹4.5 L/yr - ₹13.5 L/yr
48% more than the average Audit Consultant Salary in India
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based on 3 reviews

3.5/5

Rating in categories

5.0

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2.4

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3.3

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4.1

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3.5

Company culture

3.4

Promotions

4.7

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