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Grant Thornton Internal Auditor Interview Questions and Answers

Updated 13 Sep 2023

Grant Thornton Internal Auditor Interview Experiences

1 interview found

Interview experience
5
Excellent
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Referral and was interviewed in Aug 2023. There were 2 interview rounds.

Round 1 - Resume Shortlist 
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Round 2 - One-on-one 

(9 Questions)

  • Q1. Tell me about yourself
  • Ans. 

    I am a detail-oriented internal auditor with a strong background in risk assessment and compliance, dedicated to enhancing organizational efficiency.

    • Over 5 years of experience in internal auditing across various industries, including finance and healthcare.

    • Skilled in identifying process inefficiencies; for example, I improved a client's reporting process, reducing time spent by 30%.

    • Proficient in using auditing software...

  • Answered by AI
  • Q2. What do you understand by audit?
  • Ans. 

    Audit is a systematic examination of financial records, statements, or operations to ensure accuracy and compliance with laws and regulations.

    • Audit involves reviewing financial records, statements, or operations

    • It aims to ensure accuracy, compliance with laws and regulations, and identify any discrepancies or fraud

    • Auditors gather evidence, analyze data, and report findings to stakeholders

    • Types of audits include financi...

  • Answered by AI
  • Q3. What is the purpose of audit
  • Ans. 

    The purpose of audit is to provide an independent assessment of an organization's financial statements or processes to ensure accuracy, compliance, and efficiency.

    • Ensuring accuracy of financial statements

    • Evaluating compliance with laws and regulations

    • Identifying areas for improvement in processes and controls

    • Providing assurance to stakeholders

    • Detecting and preventing fraud or errors

    • Enhancing transparency and accountabi...

  • Answered by AI
  • Q4. Tell me some ratios with examples
  • Ans. 

    Ratios are used to analyze financial performance and efficiency of a company.

    • Profit Margin: Net income divided by total revenue, shows how much profit a company makes for every dollar of sales.

    • Current Ratio: Current assets divided by current liabilities, measures a company's ability to pay its short-term obligations.

    • Debt-to-Equity Ratio: Total debt divided by total equity, indicates the proportion of debt used to finan...

  • Answered by AI
  • Q5. Golden rule of accounting
  • Ans. 

    The golden rule of accounting states that debit what comes in and credit what goes out.

    • Debit what comes in and credit what goes out

    • Assets = Liabilities + Equity

    • Helps maintain the balance in financial statements

  • Answered by AI
  • Q6. What is the purpose of financial statements and what encloses in f.s and what is purpose of trial balances
  • Ans. 

    Financial statements provide a snapshot of a company's financial health, including assets, liabilities, and equity. Trial balances ensure accuracy of financial records.

    • Financial statements serve to provide stakeholders with an overview of a company's financial performance and position.

    • Components of financial statements include balance sheet, income statement, cash flow statement, and statement of changes in equity.

    • Bala...

  • Answered by AI
  • Q7. What is depreciation and %s of some product does land get depriciated journal entries
  • Ans. 

    Depreciation is the allocation of the cost of a tangible asset over its useful life. Land does not depreciate.

    • Depreciation is a non-cash expense that reflects the decrease in value of an asset over time.

    • It is calculated using methods such as straight-line, double declining balance, or units of production.

    • Land is not depreciated because it is considered to have an indefinite useful life.

    • Journal entries for depreciation ...

  • Answered by AI
  • Q8. What is your weakness
  • Ans. 

    I tend to be overly detail-oriented, which can slow down my work but ensures thoroughness in audits.

    • I often spend extra time double-checking my work to ensure accuracy.

    • In a recent audit, I took longer than expected because I wanted to verify every detail.

    • I am learning to balance thoroughness with efficiency by setting time limits for tasks.

  • Answered by AI
  • Q9. Any questions for us

Interview Preparation Tips

Topics to prepare for Grant Thornton Internal Auditor interview:
  • class xi and xii books
  • Accounting
  • Auditing
Interview preparation tips for other job seekers - be honest and confident

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

Interview Questionnaire 

1 Question

  • Q1. General questions

Interview Preparation Tips

Interview preparation tips for other job seekers - Its good experience and easy to crack the questions.

Internal Auditor Interview Questions Asked at Other Companies

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Q5. What are the key risk areas, and can you explain them?

Interview Questionnaire 

8 Questions

  • Q1. A nimbu paani wala spends all of his daily income on his daily expenditure except only as much as would enable him to conduct equal business on the next day. He now wants to aim at starting to save for the...
  • Ans. 

    Advise the nimbu paani wala on how to start saving for the future.

    • Encourage him to set a savings goal and create a budget to achieve it.

    • Suggest he start small by saving a small percentage of his daily income.

    • Recommend he explore investment options to grow his savings over time.

    • Remind him to continue setting aside enough money for his daily expenses.

    • Provide resources or education on financial literacy to help him make i...

  • Answered by AI
  • Q2. An IT sector multinational wants to expand its business into more countries. Suggest a strategy. This was the question given in the VC round by the Partner. It was followed by a lot of numerical and qualit...
  • Ans. 

    To expand into more countries, the IT sector multinational can adopt a market entry strategy that includes market research, partnerships, localization, and scalability.

    • Conduct thorough market research to identify potential countries for expansion

    • Establish strategic partnerships with local companies to leverage their knowledge and networks

    • Adapt products and services to meet the specific needs and preferences of each tar...

  • Answered by AI
  • Q3. An IT sector company wants to increase the number of BPOs in India. Devise a metric that will help it rank cities according to their favourability to host this BPO
  • Ans. 

    A metric to rank Indian cities for BPOs

    • Consider factors like availability of skilled workforce, infrastructure, cost of living, and government policies

    • Weight each factor based on its importance to the company

    • Collect data on each factor for different cities and assign scores

    • Rank cities based on their total score

    • Examples of factors: number of universities, quality of transportation, cost of office space, tax incentives

    • Re...

  • Answered by AI
  • Q4. The supply chain head in an auto company in India is frustrated about manufacturing stopping frequently because of parts not being readily available at the assembly line and comes to you for help. What cou...
  • Ans. 

    The probable reasons for manufacturing stoppages due to parts unavailability in an auto company in India and suggested solutions.

    • Probable reasons: supply chain disruptions, inventory management issues, quality control problems, lack of communication with suppliers

    • Investigate by analyzing historical data, conducting supplier audits, implementing real-time tracking systems

    • Solutions: improve forecasting accuracy, establis...

  • Answered by AI
  • Q5. How many airplanes are flying in the Indian sky at the moment?
  • Ans. 

    The exact number of airplanes flying in the Indian sky at the moment is not available.

    • The number of airplanes flying in the Indian sky changes constantly.

    • It depends on factors such as time of day, weather conditions, and airline schedules.

    • However, on average, there are around 2,000 flights in the Indian airspace at any given time.

    • This number includes both domestic and international flights.

    • The Indian aviation industry ...

  • Answered by AI
  • Q6. How many years will it take the Delhi Metro to break even?
  • Ans. 

    The Delhi Metro is expected to break even in 2025.

    • The Delhi Metro has been expanding rapidly and has seen a steady increase in ridership.

    • The metro has been able to generate revenue through advertising and property development.

    • The government has also provided financial support to the metro.

    • Based on current projections, the Delhi Metro is expected to break even in 2025.

  • Answered by AI
  • Q7. Why not MBA?
  • Q8. Interview-4

Interview Preparation Tips

Round: Interview
Experience: The interviewer also said: "It seems like you are more interested in finance and BCG is only the second option. We don’t like being the second option." All these questions required some delicate handling.

Round: Interview
Experience: This was a sort of stress interview because the interviewer seemed disinterested and dissatisfied with everything i said and kept on demanding for more while impressing that whatever I am coming up with was really of no significance.
Tips: What worked in my favor was I dint get flustered by his attitude, kept smiling and working at the problem objectively. When I would come to the end of one line of thinking and would have no more answers to his “What next” I would frankly tell him that and ask him in return for more suggestions. It resulted in him complimenting my way of thinking at the end and saying that I was one of the best and most practical candidates that he had interviewed that day.

Round: Interview
Experience: 1. Both the above questions were the part of one interview.
2. The interviewer didn't want me to solve the case fully in either instance. He just wanted to see my structure and evaluate my thinking process.

Round: Interview
Experience: Almost all my interviews went well with BCG except the last VC one, because by then I was complete drained out and could hardly think. I also did some minor silly mistakes in a couple of the smaller cases while dealing with numbers, but otherwise everyone seemed to appreciate my structuring of the cases. Some of the interviewers also delved into the HR side frequently.

College Name: IIT KANPUR

I appeared for an interview in Sep 2016.

Interview Questionnaire 

2 Questions

  • Q1. It was a mathematical question. Very big.
  • Q2. How many advertisements are running on the yellow line of Delhi metro right now?
  • Ans. 

    The number of advertisements running on the yellow line of Delhi metro is not available.

    • The exact number of advertisements on the yellow line of Delhi metro is unknown.

    • Without access to real-time data, it is impossible to determine the current number of advertisements.

    • The number of advertisements can vary depending on the time and duration of the interview.

    • It would require direct observation or access to Delhi metro's ...

  • Answered by AI

Interview Preparation Tips

Round: Resume Shortlist
Experience: We were given a sample resume and asked to submit ours
Tips: Make it as quantitative as possible. Show the impact of your work

Round: Guesstimate Interview
Experience: I told the wrong approach twice only to realize later how stupid it was. Third time my approach was decent.
Tips: The tip is to not lose confidence and keep trying. Even when you are wrong initially.

Round: Case Study Interview
Experience: I was not able to solve it properly. And got stuck multiple times and even ended with a stupid advice.
Tips: The case was very unconventional which I hadn't done before. The tip is to just keep trying and try to ask the right questions.

College Name: St. Stephen's College

Analyst Interview Questions & Answers

Goldman Sachs user image ArunKeshav Sridhar

posted on 23 Aug 2015

I applied via Campus Placement

Interview Questionnaire 

1 Question

  • Q1. How many ways can a king go from one end of the chessboard to the diagonally opposite square(The king can move only towards the corner and not diagonally)
  • Ans. 

    The king can move only towards the corner and not diagonally. How many ways can a king go from one end of the chessboard to the diagonally opposite square?

    • The king can only move towards the corner, so there are limited options for each move

    • The total number of moves required to reach the opposite corner is 14

    • Using combinatorics, the total number of ways the king can reach the opposite corner is 3432

  • Answered by AI

Interview Preparation Tips

Round: Test
Experience: The test was very well designed with seemingly easy questions but which required deep understanding of fundamentals. I really enjoyed the quantitative part and the data analytics part.
Tips: I would suggest that you focus on the parts that you are good at . It is not necessary to do well in every part. So focus on your strengths.
Duration: 90 minutes
Total Questions: 30

Round: Puzzle Interview
Experience: I initially suggested a brute force method to solve this problem , which was correct but the interviewer asked for a smarter way to solve it using permutations. I initially struggled but i finally got the right answer.
Tips: Walk the interviewer through what you are thinking and think of the smartest way to solve it.

Skills: Problem solving abilities
Duration: 2
College Name: IIT Madras

I appeared for an interview in Sep 2016.

Interview Questionnaire 

2 Questions

  • Q1. Why do you want to join GS?
  • Ans. 

    I want to join GS because of their reputation for excellence and the opportunity to work on challenging projects.

    • GS is known for its prestigious reputation in the financial industry

    • I am attracted to the opportunity to work on complex and challenging projects

    • I admire GS's commitment to innovation and cutting-edge technology

    • I believe GS will provide me with valuable learning and growth opportunities

  • Answered by AI
  • Q2. Questions related to Internal Audit were asked

Interview Preparation Tips

Round: Group Discussion
Experience: I had a good time. Got to know new and valuable additions to Companies Act
Duration: 30 minutes

Round: HR Interview
Experience: It was a great exchange, I really expressed my views and visions well.

Round: Technical Interview
Experience: I was complimented for being calm, confident and patient throughout the interview.

Skills: Technical Knowledge(ML, Ability To Cope Up With Stress, Confidence
College Name: Maharani college

Analyst Interview Questions & Answers

Goldman Sachs user image Devendra Bendkhale

posted on 4 Dec 2015

Interview Questionnaire 

4 Questions

  • Q1. Discussion on one of the project
  • Q2. Given a matrix containing several positive numbers find max path from bottom left to top right using only up and right steps
  • Ans. 

    Find max path from bottom left to top right in a matrix using only up and right steps.

    • Start from bottom left corner and move towards top right corner.

    • At each step, choose the maximum value between the cell above and the cell to the right.

    • Keep track of the sum of values in the chosen path.

    • The final sum is the maximum possible sum of values in a path from bottom left to top right.

  • Answered by AI
  • Q3. Dice rolled several times until sum of outcomes till now comes greater than equal to hundred. What is most likely number to occur as final sum?
  • Ans. 

    The most likely number to occur as the final sum is 100.

    • The sum of the outcomes of the dice rolls will keep increasing until it reaches or exceeds 100.

    • Since the dice have equal probabilities for each outcome, the sum will have a higher chance of reaching 100.

    • The probability of rolling a sum greater than 100 decreases as the sum gets larger.

  • Answered by AI
  • Q4. Cutting three random points on the circle of radius 1 centered at (0,0) . What is probability that point (1,0) lies in longest cut
  • Ans. 

    Finding probability of point (1,0) lying in longest cut of three random points on circle of radius 1 centered at (0,0)

    • The longest cut will be the one that spans the smallest angle between two of the three points

    • The probability can be found by calculating the area of the region where the longest cut includes point (1,0)

    • This can be done by finding the angle between (1,0) and the two other points and using trigonometry to...

  • Answered by AI

Interview Preparation Tips

Round: Test
Experience: 30 OBJECTIVE QUESTION 90 MIN . QUESTION LEVEL WAS TOUGH. GS Takes their tests very seriously
Tips: Do the section first which are you most famaliar with. They hire on section wise performance.


Skill Tips: Be calm . Approach is important than answer.

Skills: Analytical Skills, Coding Skills, Maths(esp Probability), Algorithm Analysis, Probabiity
College Name: IIT Guwahati

Skills evaluated in this interview

Are these interview questions helpful?

Interview Preparation Tips

Round: Test
Experience: Written test (Cut off: 7): The test consisted of 2 sectionsPart A (60 min): MCQ's with negatives on general aptitude, permutation & combination (P&C) and Probability.Part B (40 min): This was a subjective section. One or two problems on probability/P&C and few problems on data structures and algorithms (we were asked to write code).
Duration: 60+40 minutes

Round: Other Interview
Experience: 22 candidates were selected for interview which consisted of 2 or 3 rounds. First round: They asked me to explain my summer project. In the Second round, a few problems on P&C/Probability and couple of questions on DSA. Final round: An open problem. For example: estimate the population of Mangalore.

General Tips: If you don't know an answer, tell the interviewer the same. Lying would do more harm than good because they definitely know more than us and will find out very easily. It was Challenging and a great learning experience They test your fundamentals and don't ask too many difficult questions.
Skill Tips: If they ask you to explain what you did in your summer internship, explain it in as simple a language as possible so that even a person with no background in the subject will be able to understand it. Don't use complicated terms because they are looking for people who can express themselves well. Prepare for aptitude sincerely. You might neglect it thinking "It's just apti, what can they ask?". The problem will arise when you know how to solve the question but it might take a really long time to work it out. Practice makes a man perfect. For algorithms, code every question you have tried to solve. Interviewers look for people who can write efficient and readable code. ["Use proper names for variables"]. When they ask you a question, they don't expect you to arrive at the exact solution. They look for the structure in your solution i.e have you considered the necessary parameters and does there exist a logical progression from one step to the next. If you are asked an open problem, don't panic. Keep asking questions to get a proper understanding of the problem and try to give them multiple solutions and reason out why each solution might be right or wrong.
Skills: Probability, Apti, Algorithms, Aptitude questions
College Name: NIT SURATHKAL

I appeared for an interview in Aug 2016.

Interview Preparation Tips

Round: Test
Experience: Aptitude questions which can be found on any website or book were asked which were pretty easy to solve if you have a little bit of practice.
One question related to data structures was asked.
Tips: Go through basic programming concepts as well as aptitude type questions.
Duration: 2 hours
Total Questions: 45

Round: Group Discussion
Experience: It was a topic I had no clue about. I was sandwiched by two people who for some reason seemed like research scholars on that topic. I was quiet throughout most of the discussion. At the end, after simply listening to everyone, I tried to make a sound conclusion and ALAS! I got through the GD round.
Duration: 25 minutes

Round: HR Interview
Experience: Most of the discussion was based on my activities which I had been part of in college.

College Name: Manipal Institute Of Technology, Manipal

Interview Questionnaire 

3 Questions

  • Q1. Algorithm based
  • Q2. Datastructures and puzles
  • Q3. Puzzles and ds

Interview Preparation Tips

Round: Test
Experience: Mostly about maps
Duration: 1 hour
Total Questions: 3

Skills: Data Structures

Grant Thornton Interview FAQs

How many rounds are there in Grant Thornton Internal Auditor interview?
Grant Thornton interview process usually has 2 rounds. The most common rounds in the Grant Thornton interview process are Resume Shortlist and One-on-one Round.
What are the top questions asked in Grant Thornton Internal Auditor interview?

Some of the top questions asked at the Grant Thornton Internal Auditor interview -

  1. what is the purpose of financial statements and what encloses in f.s and what i...read more
  2. what do you understand by aud...read more
  3. what is depreciation and %s of some product does land get depriciated journal e...read more

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Overall Interview Experience Rating

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based on 1 interview experience

Difficulty level

Moderate 100%

Duration

Less than 2 weeks 100%
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Grant Thornton Internal Auditor Salary
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