Guidehouse Assistant Manager Interview Questions and Answers

Q1. Audit procedure of payroll expenses
Ans. 
Audit procedure of payroll expenses involves reviewing payroll records, verifying accuracy, checking for compliance with laws and regulations.
• Review payroll records for accuracy and completeness

• Verify payroll expenses against approved budgets and contracts

• Check for compliance with labor laws and regulations

• Confirm that payroll taxes are calculated correctly

• Compare payroll expenses to previous periods for consistency

• Per...read more
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Q2. Audit procedure of revenue
Ans. 
Audit procedure of revenue involves verifying the accuracy and completeness of revenue transactions.
• Reviewing sales contracts and agreements

• Testing the accuracy of revenue recognition

• Confirming revenue with customers

• Analyzing revenue trends and anomalies

• Checking for proper documentation and authorization

• Performing cutoff tests to ensure revenue is recorded in the correct period
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Q1. Audit procedure payroll
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Q1. Ind As 115 - Multiple performance obligation
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Q2. Ind AS 116 - Recognition criteria
Ans. 
Ind AS 116 sets out the principles for the recognition of leases by lessees and lessors.
• Leases are recognized as assets and liabilities on the balance sheet

• The lease term is the non-cancellable period for which the lessee has the right to use the underlying asset

• The lease payments are apportioned between interest expense and reduction of the lease liability

• Initial direct costs incurred by the lessee are added to the am...read more
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Q1. Key risks identified in your perojects
Ans. 
Key risks in projects include budget overruns, scope creep, resource constraints, and stakeholder conflicts.
• Budget overruns can occur due to inaccurate cost estimates or unexpected expenses.

• Scope creep may result from poorly defined project requirements or frequent changes.

• Resource constraints such as limited manpower or equipment can lead to delays or quality issues.

• Stakeholder conflicts may arise from differing prior
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Q2. Enterprise risk management
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Q3. COSO framework and its pricnciples
Ans. 
COSO framework is a widely recognized internal control framework that helps organizations manage risks effectively.
• COSO stands for Committee of Sponsoring Organizations of the Treadway Commission.

• It consists of 5 interrelated components: Control Environment, Risk Assessment, Control Activities, Information & Communication, and Monitoring Activities.

• The framework also includes 17 principles that provide further guidance...read more
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Analytical knowledge

Q1. Question was as per the job profile.
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Q2. Past experience and discussion on the past assignment performed.
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Q1. One on one technical interview by project manager.
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Q1. Salary negotiations.
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Q1. No comments it depends on the domain that you will be wory for
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Q2. I cannot comment as it depends on the domain
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It was very hard even I couldn't clear

Q1. Why should we choose you
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Q2. What are your strengths
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Q1. Describe about yourself
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Q2. Work experience
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Online aptitude test

Q1. Basic information
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Q2. Questions related to defined benefits
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