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I applied via Campus Placement and was interviewed in Sep 2024. There were 2 interview rounds.
Basics of accounting, journal entries, bad debts...
Tax liability for income of 1400000 needs to be calculated.
Determine the tax bracket based on the income level
Calculate the tax amount based on the tax rates for each bracket
Consider any deductions or credits that may apply
GAAP is a set of accounting standards used in the US, while GAAS is a set of auditing standards used by auditors.
GAAP (Generally Accepted Accounting Principles) are a set of accounting standards used to prepare financial statements in the US.
GAAS (Generally Accepted Auditing Standards) are a set of standards used by auditors to conduct audits of financial statements.
GAAP focuses on how financial information is recorded...
IFRS and IAS are both accounting standards, with IFRS being more comprehensive and globally accepted.
IFRS (International Financial Reporting Standards) is a set of accounting standards developed by the International Accounting Standards Board (IASB).
IAS (International Accounting Standards) were the older set of standards issued by the International Accounting Standards Committee (IASC), which have now been replaced by ...
GAAP is accounting principles used for financial reporting, while GAAS is auditing standards used for auditing financial statements.
GAAP (Generally Accepted Accounting Principles) are a set of accounting standards used for preparing financial statements.
GAAS (Generally Accepted Auditing Standards) are a set of standards used for auditing financial statements to ensure accuracy and reliability.
GAAP focuses on the prepar...
RFP Preparation bid submission financial
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Grant Thornton interview questions for popular designations
I applied via Recruitment Consulltant and was interviewed in Jul 2024. There was 1 interview round.
SOC Reports are reports on controls at a service organization relevant to user entities' internal control over financial reporting.
SOC reports are reports on controls at a service organization relevant to user entities' internal control over financial reporting.
There are three types of SOC reports: SOC 1, SOC 2, and SOC 3.
SOC 1 reports focus on controls relevant to financial reporting.
SOC 2 reports focus on controls re...
Get interview-ready with Top Grant Thornton Interview Questions
I expect to contribute my leadership skills, drive results, and support the team in achieving goals.
Expect to lead and motivate team members
Drive results through effective decision-making and problem-solving
Support team in achieving goals through coaching and development
Collaborate with other managers to ensure smooth operations
I applied via Approached by Company
I applied via Campus Placement and was interviewed in Jun 2024. There were 3 interview rounds.
Basics of accounting
I was interviewed in Jul 2024.
I applied to the company because of its reputation for providing excellent training and growth opportunities in the audit field.
Company's reputation for training and growth opportunities
Interest in audit field and desire to learn and grow
Alignment with company values and culture
The manager asks behavioral questions. Case study type of questions.
I applied via Campus Placement
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...
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...
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...
I have over 5 years of experience in business development, including identifying new opportunities, building relationships, and closing deals.
Identifying new business opportunities through market research and networking
Building and maintaining relationships with clients and partners
Negotiating and closing deals to drive revenue growth
Developing and implementing strategic plans to expand business reach
Tracking and analy
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The duration of Grant Thornton interview process can vary, but typically it takes about less than 2 weeks to complete.
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