Indian Overseas Bank Concurrent Auditor Interview Questions and Answers

Audit is a systematic and independent examination of financial statements, records, operations, and performance of an organization.

• Audit is conducted to ensure compliance with laws and regulations

• It helps in identifying areas of improvement and risk management

• Types of audits include financial audit, operational audit, and compliance audit

• Examples of audit firms include PwC, Deloitte, EY, and KPMG

Insurance is a contract between an individual and an insurance company to protect against financial loss.

• Insurance provides financial protection against unexpected events such as accidents, illnesses, and natural disasters.

• Premiums are paid to the insurance company in exchange for coverage.

• Types of insurance include health, life, auto, home, and business insurance.

• Insurance policies have terms and conditions that outli...read more