ZeMoSo Technologies Interview Questions and Answers

SOX stands for Sarbanes-Oxley Act, which is a US federal law that sets standards for all US public company boards, management, and public accounting firms.

• SOX aims to protect investors by improving the accuracy and reliability of corporate disclosures.

• Types of risks related to SOX include financial risk, compliance risk, and reputational risk.

• Financial risk involves the potential for financial loss due to non-compliance with SOX regulations.

• Compliance risk refers to the risk ...read more

Strengths: Leadership skills, problem-solving abilities, strong communication. Weaknesses: Impatience, perfectionism, delegation.

• Strengths: Leadership skills - ability to motivate and guide team members towards goals

• Problem-solving abilities - adept at finding solutions to complex issues

• Strong communication - effective at conveying ideas and information clearly

• Weaknesses: Impatience - tendency to rush through tasks without thorough consideration

• Perfectionism - difficulty in a...read more

Golden rules of accounting are basic principles that guide the process of recording financial transactions.

• The three golden rules of accounting are: Debit what comes in, Credit what goes out; Debit the receiver, Credit the giver; Debit all expenses and losses, Credit all incomes and gains.

• These rules help ensure that financial transactions are accurately recorded and classified in the accounting system.

• For example, when a company receives cash from a customer, the transaction...read more

Market abuse refers to illegal activities in the financial markets that can manipulate prices or deceive investors.

• Market abuse includes insider trading, market manipulation, and dissemination of false or misleading information.

• Insider trading involves trading securities based on non-public information.

• Market manipulation is the intentional distortion of market prices or trading volumes.

• Dissemination of false information involves spreading rumors or false statements to influe...read more

Trade life cycle refers to the stages involved in a trade from initiation to settlement.

• Trade initiation: Trade is proposed and agreed upon by parties involved.

• Trade execution: Trade is executed on the agreed terms.

• Trade confirmation: Parties confirm the details of the trade.

• Trade settlement: Payment and transfer of securities are completed.

• Trade reconciliation: Any discrepancies are resolved.

• Trade reporting: Trade details are reported to relevant parties.

• Trade lifecycle can ...read more