Grant Thornton Interview Questions, Process, and Tips

Q1. Change management process
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Q2. SOC Reports and its components
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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...read more
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Q1. What are your expectations?
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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
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Q1. Assertion wise audit details ( Creditor, Revenue) Audit of provision
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Q1. IFRS open book test
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Q1. No technical questions only just about yourself
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Basics of accounting

Q1. New and old tax regime
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Q1. Asked about roles and responsibilities
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Q1. Why did you apply in the company?
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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
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The manager asks behavioral questions. Case study type of questions.

Q1. Explain risk assessment process
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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
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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
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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. Tell me about your experience
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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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